Yesterday, April 19, after being flat for months, with no pulse, the Euribor finally showed signs of life. It moved from the range of -0.190% (average for April) to -0.189%. One basis point.
The aversion to risk has reached such a point that the German 10-year government bond yield has moved into negative territory for the first time in its history. The bund is one of the most sought after safe-haven assets, which has caused its yield to plummet to -0.02%. The only advantage of negative interest rates is that they might force Germans to reconsider their investment habits.