This chart from bondvigilantes.com shows the close and cozy relationship between the yield of the 10-year bund and equity prices of the banks.
The market doesn't seem to agree with the European Central Bank's (ECB) narrative that the negative rates do not hurt banks.


Fed’s Hammack Says More Data Needed Before Next Rate Move
Oil Prices Fall as Trump Ceasefire Claim Shifts Market Focus to U.S. CPI
Gold Prices Hit One-Week High as Oil Falls, Fed Rate Outlook Weighed
RBA Set for September Rate Hike as Inflation Stays High
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets
European Stocks Rise as Oil Prices Fall Ahead of US CPI
US Dollar Near 18-Month High Ahead of Inflation Data
Fed's Hammack Urges Faster Rate Hikes to Fight Inflation
Gold Prices Rise Above $4,200 as Russia-Ukraine Energy Truce Eases Oil Concerns
Wall Street Ends Mixed as Investors Await CPI and Bank Earnings




