German 10-year Bund yield down to 2016 lows

Wednesday, 15. May 2019 11:19

Benchmark market rates for sovereign securities issued by the German government fell to the lowest level since the fall of 2016 on Wednesday amid the ongoing trade tensions sparked by the trade dispute between the United States and China. German Bund yields were under pressure since the begging of the week amid trade worries as market watchers turned towards safe-haven investments.

The yield on the 10-year German bonds fell by 0.029 basis points to minus 0.1% at 11:10 am CET and the 2-year securities yielded minus 0.66% at 11:11 am CET. Meanwhile, the yield on the 30-year bond stood at 0.549%, declining 0.031 basis points at the same time.

Corresponding futures were up 0.21%, 0.03% and 0.65% at 11:17 am CET.

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Breaking the News / VK