It is now official as 30-year yields fall below 0% for the first time
German 30-year yields just fell below 0% for the first time ever and that sees the entire sovereign yield curve switch over to negative territory. It was only a matter of time.
Astonishing times we live in.
The bond rally today isn't just contained in Europe as Treasury yields are also beaten down with 10-year yields down by nearly 6 bps currently to 1.835%. That is partly weighing on yen pairs with USD/JPY holding below 107.00 currently.
