Germany's 10-year bond yield drops below zero for the first time

It joins Japan and Switzerland in having a negative 10-year yield

14th June, 2016
The German flag flies on the Reichstag building Pic: Getty

Germany’s 10-year government bond yields tumbled below zero for

the first time on record as a weakening global economic outlook fuels demand for perceived havens.

“Nobody buys bunds at these yield levels thinking they are attractive,” said Jussi Hiljanen, head of European macro- and fixed-income strategy at SEB in Stockholm. “Demand for haven assets is being driven by fear of Brexit and growth concern. Investors...

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