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German yield falls

THE return for investing in German government bonds fell below zero for the first time in more than a year as tensions increased over Ukraine.

Germany's two-year yield fell to minus 0.004pc at one point yesterday, meaning investors were prepared to give up any financial return in exchange for the safety of holding the investment - regarded as a safe haven.

It came after the US joined NATO and Poland in warning there is a risk that Russian president Vladimir Putin (right) could send troops into Ukraine.