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CEE - McCullough: ZIRP & NIRP Getting Nasty In Europe
The Central and Eastern Europe Fund Inc.
Europe is slowing. Need proof?
Look no further than recent moves in 10-year yields in Germany and Switzerland.
The yield on the German Bund is in ZIRP (zero interest rate policy) territory at 0.06%. Meanwhile, Switzerland went NIRP (negative interest rate policy) earlier this year with its 10-year yield sitting at -0.35%.
Translation? It’s a good time to be a bond bull in Europe.
“People in Europe are well-aware of the developing European recession,” McCullough explains in the video above. “This is why bond bulls have been getting paid.”