ECB’s Linde Says Negative Yields Won’t Last as Economy Recovers

European Central Bank Governing Council member Luis Maria Linde said negative yields on Spanish debt probably won’t persist as the recovery continues.

“If the economy normalizes, in the sense that the American recovery is confirmed and interest rates go up in the U.S. -- and also the recovery in Europe, the monetary union -- my impression is that the negative interest rates aren’t going to last long,” Linde said in an interview with Bloomberg on Friday in Granada, Spain.