German 5 years are close to dropping off the ECB QE shopping list
The ECB limit for bonds they can buy under QE is the deposit rate at -0.20%
Livesquawk note that yields on German Bobl's (5yrs) have dipped below the threshold
Bunds (10yr) are down 2bp to 0.451%
Maybe it's the Black Friday sales and the ECB have been stocking up
German 5's are off the ECB xmas shopping list