Europe’s most closely watched government bond yield turned positive for the first time since 2019, part of a broad readjustment by investors to rising inflation and the global economic rebound from the pandemic.
The yield on 10-year German bonds rose to 0.008% on Wednesday after trading in negative territory for over 30 months. Yields on bunds, as they are known in markets, had been as low as minus 0.841% in March 2020.
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