German Two-Year Note Yield Drops Below Japan’s for First Time

German two-year note yields dropped to less than the rate on similar-maturity Japanese government bonds for the first time since Bloomberg began collecting the data in 1990, based on closing-market rates.

The German two-year note yield fell to 0.106 percent at 3:10 p.m. London time, versus a rate of 0.111 percent on Japan’s securities, according to Bloomberg generic data.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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