Safety first. That simple principle has propelled investors – in droves – into German government bonds. The 10-year Bund yield is a paltry 1.3 per cent, compared with more than 4.5 per cent four years ago. But nothing lasts for ever, and Europe’s crisis is far from resolved. Should investors question the longevity of Germany’s haven status?
安全第一。這個簡單原則推動投資者（成羣結隊）地湧向德國國債。10年期德國國債的收益率僅有微不足道的1.3%，而四年前高於4.5%。但沒有什麼是永恆的，歐元區危機還遠未解決。投資者是否該質疑德國避風港地位的壽命？
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