German 2-Year Note Yield Falls Below Rate on U.S. 3-Month Bills
German two-year notes rose, driving the yield on the securities to a record low that’s less than the rate the U.S. pays to borrow for three months.
The yield on the German securities fell to as low as 0.083 percent and was at 0.089 percent at 7:05 a.m. London time. The yield on U.S. three-month bills was 0.086 percent.
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