Yield on German 10-year bond falls below zero for 1st time
BERLIN - The yield on Germany's 10-year government bond has fallen below zero for the first time, pushed down by central bank efforts to help the economy and investor concerns about the future.
The yield on the bond, a traditional safe haven for investors, fell to just below zero early Tuesday, according to financial information provider FactSet. It had come close to zero recently but never before dipped into negative territory. A bond's yield drops as its price rises.
Yields have been depressed by the European Central Bank's ultra-loose monetary policy, which has included cutting interest rates and buying hundreds of billions of bonds.
Diminishing expectations of an interest rate hike by the U.S. Federal Reserve have also contributed, as have concerns over a possible British exit from the European Union.