Germany's loss of safe haven status | Metals Mine

  • Germany's loss of safe haven status

    From robinjbrooks.substack.com

    In yesterday’s post, I wrote about the global rise in long-term government bond yields, which - when you look at it properly - paints a very worrying picture. A key feature of what’s playing out is that traditional safe havens - Japan and Germany - are at the core of the global spike in yields, when in the past both places got safe haven inflows that kept their yields low. In Japan, yields have been kept artificially low by the Bank of Japan (BoJ), which is now having to step back for fear that the Yen goes into another depreciation spiral. In Germany, the new government’s large fiscal stimulus and the ... (full story)

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