World Economy

German Bond Yield Below Japan’s

German Bond Yield Below Japan’sGerman Bond Yield Below Japan’s

Germany’s 10-year yields were below those of Japan’s for the first time on record as European government bond markets began trading, Bloomberg said. Yields on German debt, the euro area’s benchmark sovereign securities, have tumbled as investors sought haven assets amid concerns the region would fall into deflation. The European Central Bank begins a program of buying the currency bloc’s government bonds to combat this possibility in March. Germany’s 10-year yield was little changed at 0.31 percent as of 7:34 a.m. London time. The price of the 0.5 percent bund due in February 2025 was 101.845 percent of face value.