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And don't miss Marcus Ashworth on European bond safety: "To be sure, the great times in European fixed income won't last forever. Economies are, finally, recovering. But as Gadfly has been arguing, it's all a matter of timing. The ECB is at pains to emphasize it will sustain its stimulus not just in bond buying but in maintaining negative deposit rates literally for years to come. European bond yields ought to reflect that."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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