Borrowing prices on German govt debt persevered to fall on Friday, with the interest rate on 10-yr bunds TMBMKDE-10Y, -three.39% hitting a new record low. In early European trading hours, the yield on the German benchmark bund was down 2 foundation points at 0.022%, falling below its previous file low of zero.027% set on Thursday, in keeping with electronic buying and selling platform Tradeweb. in the meantime in the U.k., gilts also traded with regards to traditionally low yields, even though the ten-year yield TMBMKGB-10Y, -0.52% rose to 1.249% on Friday. The flush of money going into German and U.ok. govt bonds comes as buyers are flocking into safer belongings on considerations about low boom within the world financial system and the upcoming U.k. Brexit referendum.
German bund yields hit fresh all-time low