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For the first time in five years, region faces drop in consumer prices year over year.
Some analysts see record-low bond yields as an indication investors think the global economy will remain stagnant for 'a long time.'
Analysts predicted a bear market for 2014, too, and they were wrong.
U.S. companies are expected to issue more euro-denominated debt in 2015 than at any other time since 2007.
Traders expect demand for Treasuries to dry up as investors' confidence in U.S. economy grows.
Ruble swap shows China is challenging IMF as emergency lender to foreign governments.