The Jackson Hole monetary conference had no sooner ended than one more European country was added to the scroll of countries with negative 2 year sovereign yields... As Snake Hole Lounge details, the latest addition is the island of Cyprus whose Bank of Cyprus just posted a huge loss on bad debt provisions. (Bloomberg) — Bank of Cyprus reported loss for the second quarter of EU556 million. 2Q total deposits EU16.58 billion2Q Oper Profit EUR 130MProjects 2018 EPS EUR 0.40Sees 2018 Cet 1 >13.0%Sees No Equity Divident for 2018Sees Potential AT1 IssuanceCET1 Transitional Ratio at June 30 at 12.3% I guess ECB’s Mario Draghi will keep the pedal to the metal!