“In the wake of the European Central Bank’s latest policy gambit, yields on the benchmark French 10-year government bond just fell to 1.65 percent. That is the lowest level since 1746, according to new research from Deutsche Bank. In Italy, 10-year government bond yields just sank to 2.76 percent — the lowest level since early 1945. Except for that one brief period, yields are the lowest since at least 1808. And Spain? The country that almost went broke a couple years ago … that still faces record-high unemployment and incredibly anemic growth … and that is still mired in a housing slump that mirrored the one we suffered here? Its benchmark 10-year yield just sank to 2.6 percent.”
http://www.moneyandmarkets.com/bond-investors-partying-like-its-1746-62129
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