Livesquawk reporting comments from Tradeweb
Over 31% of EZ sov debt is below the ECB deposit rate
More than 50% of EZ sov bonds below 0%
Over 22% of euro-denominated investment grade corp bonds yield less than 0%
A lot of German debt is already off the table and the way yields are going right now, 10 year bunds will be next.
The stories that the ECB will be running out of assets to buy isn't going to go away anytime soon and that in turn will prompt thoughts about the ECB cutting the deposit rate further.
Alternatively, they could dilute their eligibility rules further to snare more bonds but that would be going down a far more dangerous path than they're already on.
