Half of Euro-Area Bond Yields Below Zero as Investors Recall ’08
- Bonds signal ‘very nasty’ times ahead: Smith & Williamson
- German, French and Dutch 10-year yields reach record lows
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Demand for safety since Britain voted to leave the European Union has dragged yields on more than half the euro-area’s sovereign bonds to less than zero as investors prioritize the return of some of their money over earning income.
Yields on German 10-year bonds reached a new low at less than minus 0.2 percent while those on French, and Dutch securities also fell to records. From Italy’s banking crisis to stress in U.K. property funds, there are more and more echoes of the financial crisis in 2008.