Part of the answer is that a growing chunk of American and German bank notes circulate outside these countries, in such places as Russia where the local currency is not trusted.
The yield on Portuguese 10-year notes jumped to a new crisis high of 6.33%, with the spread over German 10-year notes rising by 3.5 percentage points.
Yields on German 10-year notes fell to 1.175%, a record low, touching 1.123% intraday, while Sweden's 10-year bond yielded 1.166%, according to Tradeweb.
But the Journal notes that under German law only people can be charged with bribery, and not companies, although they can still be penalized for their activities as side participants.
FORBES: Germany Says HP Paid Kickbacks To Get Russian Contract
In overnight news, a German two-year note auction saw the notes (also called Schatz) fetch strong demand with a yield of only 0.06%.
The plugin supports German, Spanish, and French, but Stremor notes that the world wide web is still more like a wild wild west.
FORBES: Don't Have Time To Read This Article? There's An App For That
The Journal notes that prosecutors also indicted Ralf Krippner, a German politician and businessman, as an accessory for helping to relay the funds.
FORBES: Germany Says HP Paid Kickbacks To Get Russian Contract
The uptrends in the yields of the German ten-year Bunds and the US ten-year T-Notes (line a) shows a sharp increase since the start of May.
FORBES: The Week Ahead: Should You Listen To The Fed Whisperers?
The notes, made in concentration camps under Operation Bernhard, were a German plot to destabilise the British economy by flooding the UK with the fake money.
And German consumers have put their government on the defensive, claiming that the introduction of euro notes and coins in January pushed prices up.
The success of German-based firms in Asia's export markets has benefited suppliers in eastern Europe, notes Gillian Edgeworth, of UniCredit.
For instance, Pope notes only 14% was shaved off Portuguese bonds in the testing process even though two-year notes from Portugal have widened to trade at a spread of 242 basis points over the German equivalent security compared to 226 basis points last Friday, a 7% gain in the spread in just a week.
Moffett notes that both companies are confident the deal can pass muster, noting among other things that German-owned T-Mobile will become American-owned.
Pope Clement VII's 1530 bull approving the coronation of the Holy Roman Emperor Charles V might seem an assertion of papal supremacy until one notes that it followed the 1527 sack of Rome by Charles's mutinous troops, many of them German Lutherans.
WSJ: Lux in Arcana | Capitoline Museum | The Papacy's Private Papers | By Francis X. Rocca
应用推荐