«German 2 - yr yields fell below 0 for the 1st time this wk while the yield on similar - maturity Spanish notes rose 11.8 bps to 5.11 % today» $ $ Jun 01, 2012 (alephblog.com)
As an aside, a break by the 10yr - 2 yr yield spread above its September high would also be a recession warning and a bearish omen for the stock market. (tsi-blog.com)
Thus, we think it prudent not to assume any further PE upside until we get more clarity on where 10 yr yields likely settle post QE. (businessinsider.com)