Eurobond prices are low (negative) because the ECB prints money to buy them. It's a classic case of money printing to fund government spending and it ends with inflation.
Unfortunately inflation stats cannot be relied upon because they ignore large and important sectors of the economy. For example, they often don't include house prices, or stock prices, or bond prices. The real inflationary pain is being felt by pension funds but consumer price indices don't reflect that.
Unfortunately inflation stats cannot be relied upon because they ignore large and important sectors of the economy. For example, they often don't include house prices, or stock prices, or bond prices. The real inflationary pain is being felt by pension funds but consumer price indices don't reflect that.