Things are tough in Europe. Slovakia has an even lower 2 year sovereign yield than Switzerland, the previous winner of low sovereign yields.
Even the UK has a negative 2 year sovereign yield!
Yes, that is 23 EMEA (Europe, Middle East and African) nations have negative 2 year sovereign yields.
The European Central Bank (ECB) rode to the rescue of the dissolving economic prospects of Europe.
The French Foreign Legion to the rescue … of bad EU, ECB policies. And Covid.