Prices for EU sovereign debt is rising rapidly from the time when Britain publicly announced its intention to withdraw from the Union. Bids from 70% of the debt in $ Bloomberg Germany Sovereign Bond Index Bloomberg 1.1-trillion index does not allow the Central Bank to use these bonds for QE (prices have risen, rates fell) - for AMarkets materials.
Not suitable because it fell below the value of -0.4% deposit ECB. Those. Central Bank can not be used in the program redemption of bonds (QE) 70% of the bonds in the German index. The level of sovereign debt across Europe has increased recently to $ 2 trillion.
Schedule - $ 330 billion sovereign with rates higher than -0.4%. $ 801.4 billion in sovereign debt with interest rates lower than -0.4% (below the level of the deposit by the ECB)
Funny, but the interest rates on 15-year German bonds are around 0% and below. However, as investors continue to buy them in anticipation of monetary easing by the ECB. Besides that purchased bonds more confident approaching the point at which the ECB will not be able to buy them ...