Daily Telegraph 7th August 2014

German bonds yields plunged to a historic low and two-year rates briefly fell below zero on Thursday on fears of widening recession in the eurozone, and a flight to safety as Russian troops massed on the Ukrainian border.
Yields on 10-year Bunds dropped to 1.06pc after a blizzard of fresh data showed that recovery has stalled across most of the currency bloc, with even Germany now uncomfortably close to recession.

Commerzbank warned that the German economy may have contracted by 0.2pc in the second quarter and is far too weak to pull southern Europe out of the doldrums. Industrial output fell 1.5pc over the three months. The DAX index of equities in Frankfurt has dropped 10pc over the past month and is threatening to break through the psychological floor of 9,000.