Economics
German Bond Yields Drop Most Since Brexit as Spain’s Hit Record
- Spanish five- and 10-year yields drop to all-time lows
- Bonds surge as Fed refrains from raising interest rates
Should Bond Investors Be Running for Cover?
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It was the euro-region bond market’s best day since Brexit.
Benchmark German 10-year bund yields dropped the most since June 24, while those on Spanish five- and 10-year securities slid to all-time lows after the Federal Reserve held off on raising interest rates on Wednesday and scaled back its projections for increases it expects next year.