German 10-Year Bond Yield Falls to Record on Global Growth Risks
- Europe’s benchmark government yield surpasses its 2015 low
- Slowdown in U.S. labor market, U.K. referendum adding to risks
What Does Germany Need to Do to Jump Start Economy?
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Germany’s 10-year bond yield fell to a record low amid a surge in demand for the safest fixed-income assets.
The securities, which act as Europe’s benchmark sovereign debt, rose as investors digested signs of a slowdown in the U.S. labor market, contended with a referendum on the U.K.’s membership of the European Union and absorbed the effects of unprecedented monetary stimulus.