Allianz's Gruber: German Bund Bubble From Our Perspective

The video discusses the current state of bond yields, highlighting their low levels and the potential bubble in the German government bond market. It examines the impact of economic developments and inflation expectations on yields. The European Central Bank's buying program is analyzed for its influence on bond demand. Concerns about yield backups and their effects on investors are also addressed, emphasizing the strategies of long-term investors.

What is the expected impact of the European Central Bank's buying program on government bonds?

What concerns arise from a potential backup in yields similar to the scenario in spring 2015?