Negative Yield on Four-Fifths of German Bonds Leaves Market Wary

Updated on
  • Germany-Spain 10-year yield spread falls to lowest in 2016
  • Central banks, falling oil prices still provide support

Germany’s government bonds held a two-day drop as the nation auctioned two-year securities at a time when some investors are questioning the sustainability of a rally that’s pushed the yield on more than 80 percent of Europe’s benchmark sovereign securities below zero.

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