How €3.5 Trillion In NIRP Debt Made Europe’s Credit Market “Most Vulnerable Since Lehman”

Friday, February 12, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/12/2016

In a note out Friday, BofA takes a fresh look at what the plunge down the NIRP rabbit hole has meant for the proliferation of negative-yielding assets in Europe. In addition to creating some €3.5 trillion in negative-yielding assets, successive rounds of easing have also had some rather disconcerting unintended consequences.

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