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Germany Is (Almost) Japan: Bund Yield Plunges To Record 0.33%

Tyler Durden's picture




 

At 32.5bps, Germany's 10Y Bund closed at a record low today (within 4bps of Japan's 10Y yield). The Japanification of Europe is almost complete.

 

 

Charts: Bloomberg

 

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Fri, 01/30/2015 - 16:19 | 5726796 max2205
max2205's picture

I can hear all that money flying over here to buy US Ts 

Fri, 01/30/2015 - 16:19 | 5726810 froze25
froze25's picture

Germany is almost Japan, Big time aging population and excess realestate due to a more deaths than births.

Fri, 01/30/2015 - 16:23 | 5726823 kaiserhoff
kaiserhoff's picture

Except for Fukushima, earthquakes, and people running around dressed like stuffed animals, or robots, or popsicles...

Fri, 01/30/2015 - 16:27 | 5726838 power steering
power steering's picture

I'd been led to believe that "Deflation" was a football phenomena

Fri, 01/30/2015 - 16:29 | 5726850 riot-police
riot-police's picture

The doctor also sais it is an impotence thing.

Fri, 01/30/2015 - 16:44 | 5726906 new game
new game's picture

trend be your friend...

Fri, 01/30/2015 - 16:27 | 5726837 XqWretch
XqWretch's picture

I have a dick!

You have a pussy!

So whats the problem?

Lets do it quickly!

-Rammstein

Fri, 01/30/2015 - 16:20 | 5726808 katchum
katchum's picture

Carry trade eliminated.

Fri, 01/30/2015 - 16:20 | 5726814 papaswamp
papaswamp's picture

The difference is the Europe is attempting to compensate ( avoid Japaniification) by having a liberal immigration policy. This is backfiring on them quickly. Collapsing the bankster system is really the only solution.

Fri, 01/30/2015 - 16:42 | 5726897 froze25
froze25's picture

If they simply had more pro-maternity policies like the northern European countries they wouldn't need the massive amount of immigration.  When a society "progresses" itself to not reproducing something is terribly wrong.  They the Germans are on the brink of and the Japanese are committing cultural suicide.  No amount of QE can fix a demographic challenge.

Fri, 01/30/2015 - 16:58 | 5726973 malek
malek's picture

Or maybe something is terribly wrong and that's why they are not reproducing?

more pro-maternity policies

<facepalm> parrots the politician soundbites like a good serf

Fri, 01/30/2015 - 17:17 | 5727071 NotApplicable
NotApplicable's picture

Say what you will, but extinction is a damn fine way to save face.

Fri, 01/30/2015 - 19:16 | 5727421 silverer
silverer's picture

Having kids is a mandatory cut to your standard of living, unless of course you don't work, and  you are in the US illegally, then it's a subsidized activity.

Fri, 01/30/2015 - 16:23 | 5726827 taketheredpill
taketheredpill's picture

 

DEBT/GDP  japan>Yurp>US

 

Bond Yields US>Yurp>US

 

US will become Yurp. Yurp will turn Japanese.

Fri, 01/30/2015 - 16:23 | 5726829 blabam
blabam's picture

Deflation. Shits going to go a lot lower. 

Fri, 01/30/2015 - 16:25 | 5726836 darteaus
darteaus's picture

Somehow, I'd rather hold German gov't debt than Japan's debt.

Fri, 01/30/2015 - 16:33 | 5726867 sunny
sunny's picture

NONSENSE!  Bond markets know all.  What this is saying that the risk of holding either is equal.  

.. cough.. snicker... teeheehee.heeeheehee  HAAHAAHAAAAA  BWAAHAAHAAHAAHAAHAA.....  

Sorry, I couldn't type that with a straight face.

Fri, 01/30/2015 - 16:26 | 5726839 riot-police
riot-police's picture

Yes, soon we will all be paying our own interest.

At least the matresses will be nice and firm from all the cash people will be stuffing into them

Fri, 01/30/2015 - 16:28 | 5726843 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

everyone piling into german debt is a bet on euro breakup

 

if/when germany leaves ... its debt repriced in marks (which will skyrocket) ... make a bundle on currency

Fri, 01/30/2015 - 16:33 | 5726870 farmboy
farmboy's picture

Agreed, the end will be a Dexit and not a Grexit

Fri, 01/30/2015 - 16:47 | 5726927 lasvegaspersona
lasvegaspersona's picture

Why on earth would a debtor voluntarily change the currency in which their debt is denominated?

When the dollar fails I plan to use worthless dollars to pay off my mortgage.

This is the way it has always been done. Someone will always pop up and say 'the evil bankers will force us' or the government will...' but historically these efforts have always failed. From France in 1712 to France in 1796 to the Weimar and so on....no one  ever lost their property because the money was too easy to repay.

Mexico is sometimes cited as an example in which homes were lost in a crisis but looking at the facts that situation was just like 2008 here in the US....homes were lost because people could not come up with the cash.

Hyperinflation is coming and if you are really trying to prepare you need to read up. When Money Dies and Hyperinflation in France (White) are good places to start. The idea that 'anything can happen' is not a worthwhile subject as it leads to no good actions to consider. Look at history and you will see what has the highest probability (by far) of happening again.

Fri, 01/30/2015 - 16:33 | 5726869 yrad
yrad's picture

Das Gud!

Fri, 01/30/2015 - 18:07 | 5727264 I woke up
I woke up's picture

Das boot!

They need to turn the boot before the bubble pops

Fri, 01/30/2015 - 16:36 | 5726879 papaswamp
papaswamp's picture

...and in other news...Obama to appear in public with the Dali Lama. Rather interesting on multiple levels...most notably pissing off the Chinese. Its as if this administration wants to burn as many political bridges as possible and start WW3

Fri, 01/30/2015 - 17:19 | 5727094 NotApplicable
NotApplicable's picture

Funny, as an anti-war protestor, I remember thinking the same thing days before Shrub invaded Iraq. I stayed up all night long the night it started rearranging my entire worldview around this revelation.

That was the night I realized without a doubt that the world was run by the mafia.

Fri, 01/30/2015 - 19:08 | 5727398 roadhazard
roadhazard's picture

Must have something to do with the, "Asia pivot".

Fri, 01/30/2015 - 16:38 | 5726885 lasvegaspersona
lasvegaspersona's picture

I remember when my money market used to pay 16%. I guess things are different now.

Fri, 01/30/2015 - 19:12 | 5727413 silverer
silverer's picture

But only about 17%.

Fri, 01/30/2015 - 16:56 | 5726972 all-priced-in
all-priced-in's picture

Japanification? How PC of you.

 

But it doesn't exactly roll off my tongue.

 

I would have gone with Japification.

 

 

 

 

Fri, 01/30/2015 - 18:21 | 5727299 kaiserhoff
kaiserhoff's picture

Got Nipped?

Fri, 01/30/2015 - 16:59 | 5726977 Spungo
Spungo's picture

Is it a coincidence that Japan and Germany have the most fucked up porn?

Fri, 01/30/2015 - 19:11 | 5727407 silverer
silverer's picture

Ja, it's true.

Fri, 01/30/2015 - 17:33 | 5727142 noob
noob's picture

Why the fuck would anyone buy bonds? Patriotism?... faaaaaaaaaaaaaaaaaack!   Fucking ridiculous!

Fri, 01/30/2015 - 17:38 | 5727172 disabledvet
disabledvet's picture

Looks like rearmament is back on the table.

 

"Start pounding out Leopard 2 tanks like they're toasters."

Fri, 01/30/2015 - 18:02 | 5727246 Pabloallen
Pabloallen's picture

Did you hear the Iphone 6 has a bigger screen ????

Fri, 01/30/2015 - 18:06 | 5727262 Bighorn_100b
Bighorn_100b's picture

I'm long RSX and the miners. Just got word that my Silver and Gold Has been shipped.

Happy camper today!

Long Makers Mark Wiskey today! :)

Fri, 01/30/2015 - 19:18 | 5727426 Robert.Paulson
Fri, 01/30/2015 - 20:02 | 5727538 Irishcyclist
Irishcyclist's picture

No, Germany isn't Japan.

Germany's industrial/economic history shows a country that can innovate things and develop things. The Germans are original thinkers and idea developers.

Japan? An original thought or idea would die of loneliness over there. The Japs are great at copying other nations ideas and innovations, but ask them to develop something of their own and they deliver fuck all. 

Fri, 01/30/2015 - 20:24 | 5727584 yrbmegr
yrbmegr's picture

Germany might consider debt relief for Greece as a measure to halt deflation in the Euro zone.  Just sayin.

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