German 10-year bund yields move into negative territory for first time

Brexit and global growth worries

German 10-year government bond yields fell below 0% today for the first time on record, as investors continue to flock to safe haven assets.

The yield fell to minus 0.001% when European markets opened after closing at 0.02% on Monday, and fell to as low as -0.004% in early trading. The prospect of a Brexit helped to fuel government bond inflows, which has pushed the yield on more than $10trn worth of sovereign bonds into negative territory. Investors have also been attracted towards fixed income assets as a result of escalating bond buying policies from the Bank of Japan and the European Central Bank. Gross warns $10trn negative yield 'supernova' to explode According to CNBC, a spokesperson for the German Federal Deb...