ECB president Mario Draghi’s comments on 22 October that the ECB had discussed further quantitative easing by cutting the region’s deposit rate has resulted in a huge rally in euro-area bonds that has seen yields reach record lows. According to data from Bloomberg, another US$190bn of European bonds has moved into a negative yield taking the total to staggering US$1.57tn. German bonds out to 6 years are now at...