Here Is How the European Central Bank Is Creating Problems for Itself

The European Central Bank may be stuck in quick sand. The central bank is purchasing 80 billion euros of corporate and government bonds each month to lift eurozone growth, but it may be running out of bonds to purchase. The ECB's own rules say it can only purchase bonds that yield more than the deposit rate, which is currently at minus 0.4 percent. But ECB stimulus and its low rate policy are a few of the reasons why bond yields are slipping below the deposit rate. 'They're driving this hunt for yield across the eurozone, which is bringing more and more bond yields negative further out along the curve,' said Christopher Wright, a cross-asset strategist at UBS Wealth Management. TheStreet's Scott Gamm reports from Wall Street.