German 10yr yield falls below 1% on a dire day for the eurozone

On a dire day for Europe's economies, yields on the German ten-bund
fell below 1% for the first time. Figures out this Thursday show the
eurozone's economy is completely flat, missing expectations of a tiny
increase in GDP. Germany's economy contracted 0.2% quarter on quarter
and growth in France was also less than expected at zero.Saxo Bank's
Head of Fixed Income, Simon Fasdal says this lack of growth, coupled
with a deflationary risk, is one of the main drivers of these ultra
low rates that are affecting developed countries around the world.
Geo-political tensions are also weighing on sentiment. It begs the
question as to whether we're seeing a "bond bubble". Simon believes
that one could well be developing but it's not going to burst any time
soon.