Signs of desperation are increasing – an article from the NZZ on April 22, 2015
The trend towards lower returns is continuing in the bond market. European banks are so desperate that they are paying their competitors to take overexcess liquidity.
The trend towards lower interest rates and yields continued on Tuesday in the Swiss and European bond markets. With the exception of brief irritations, investors are orienting themselves towards massive securities purchases by the European Central Bank and the uncertainties resulting from the possibility of a Greek exit from the euro zone.