Follow the Money

Bonds yields across the globe are falling, including in Japan, where the 10-year government security just dropped below zero for the first time ever.  Germany’s 10 Year is at 0.2%, and the U.S. 10 Year is at 1.74%, the lowest since February 2015.  If you dare, Greece is the place to place your drachma if you dare; their 10 Year Bond currently pays 10.12%.  Greece hasn’t been in the news much lately, but their pie-in-the-sky bond yield is a testament to the shaky nature of that investment.

As global stocks continue to stink it up, the flow of money into bonds is pushing yields down everywhere–except in really troubled countries.