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Almost $3 Trillion Of European Debt Has Negative Rates As German Yields Collapse Further

As German yields hit fresh record lows (and continue to collapse/flatten dramatically) amid Draghi's monetary excess, the size of ineligible debt surges across Europe. As SocGen notes, before today, there was already a stunning EUR 2.17 trillion of negative yielding debt in Europe (dominated by Germany and France) and today's moves mean that number is growing rapidly as Germany is now negative to a 7.5 year maturity.

 

Since Q€ the curve has collapsed...

 

leaving at least EUR 2.2 Trillion of negative-yielding debt across Europe...

 

This won't end well...

Charts: Bloomberg and SocGen