Sovereign bond yields rise as trade war and Brexit fears ease – business live

Source: www.theguardian.com --- Wednesday, September 11, 2019
Rolling coverage of the latest economic and financial news Bond yields are bouncing back as prices start to fall Investors less worried about trade wars and Brexit... ...and may have driven prices unsustainably high 9.12am BST Germany’s 30-year bond yield has burst back into positive territory! The 30-year bund is swapping hands at 0.033% this morning, having fallen below zero last month. That means Berlin can still borrow very cheaply, but will have to pay some interest to its lenders. Good morning from #Germany , where the announcement by the Minister of Finance to spend 'many billions' if necessary to prevent a recession has triggered a global bond crash. 30y German govt bonds yields are back in positive territory. pic.twitter.com/SP27upbbzJ 8.35am BST The big worry is that the rise in bond yields will leave some investors with unpleasant losses. At the end of August, the amount of debt trading at negative yields surged to $17 trillion , an all-time record. But in recent days, this has dropped back to $15 trillion. ICYMI! The amount of outstanding negative-yielding #debt has fallen by almost USD 2 trillion in recent days. Have we seen the low in global bond #yields ? pic.twitter.com/snwIPRDHIf 8.30am BST Britain’s sovereign debt is also under pressure this morning, sending yields up to six-week highs. The yield on UK 10-year gilts jumped to 0.666% this morning, up from a low of just 0.339% a week ago. That means it would cost ...

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