German Two-Year Yields Fall to Record as Haven Demand Persists
- Notes gain for fourth day as Le Pen rises in French polls
- Spread to Treasuries at widest since 2000 on policy divergence
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German two-year notes climbed for a fourth day, pushing the yield to a record low, as investors sought the region’s safest assets amid growing concern over the outcome of the French presidential election.
The yield spread between the securities and similar-maturity Treasuries touched the widest in almost 17 years as the latest polls showed anti-euro candidate Marine Le Pen narrowing the gap against a second-round competitor.