What's next now the bond rally 'has run out of steam'?

It has been hard to comprehend negative yields in Germany, let alone Greece.

Enough is enough and the bond rally has run out of steam. The 30-year bund now pays 0.15%. Not much perhaps, but higher than -0.25% seen over the summer.  Losing my religion: What is the point in bonds? That small move has seen the long bond fall in value by 12% already. Negative yields are being rejected and the implications are far reaching. That would normally imply there is an economic recovery, or at least a period of stability, and that the deflationary forces are easing. European quality has more than doubled since the pre-crisis peak in 2007, whereas European value has m...