10-year German bund yield turns positive for the first time since Brexit

The yield on the 10-year German, known as the bund, turned positive Friday for the first time since June 23, the day of the U.K.'s vote to leave the European Union, amid a sharp global bond selloff that also pushed Treasury yields to their post-Brexit highs. In late morning trade, the 10-year bund yield was up 7.2 basis points to 0.006%, according to Tradeweb. Bond yields rise when prices fall and vice versa. One basis point is equal to one hundredth of a percentage point. The sharp selloff started on Thursday, following the European Central Bank's unwillingness to provide further monetary......(read more)

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