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German Bond Yield Turns Positive as Traders Reappraise ECB’s QE

  • Thirty-year bund yields climb to highest since June 24
  • Investors taken aback by Draghi’s reluctance to extend QE
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Markets Not Reflecting Message of 'Dovish' Draghi: Moec

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German 10-year bonds are offering investors a positive yield again.

Europe’s benchmark government bonds tumbled for a second day, pushing yields above zero for the first time since July, after the European Central Bank’s reluctance to signal additional monetary easing undercut investor confidence in its accommodative stance.