Germany's 10-year bond yield turns negative for first time
Published 14/06/2016 | 09:22
Germany's benchmark 10-year Bund yield, the benchmark for borrowing costs across the euro zone, fell into negative territory on Tuesday for the first time.
The 10-year Bund yield fell as low as minus 0.002 percent , according to data from Tradeweb.
Yields and prices move in the opposite direction so higher prices mean lower yields.
A backdrop of unprecedented monetary stimulus from the European Central Bank and mounting political risks in Europe has boosted demand for German bonds - seen as one of the safest assets in the world.