Markets

German seven-year bond yields fall below zero for first time

Published February 26, 2015 Updated February 26, 2015 08:07am

1 min

By Nasir Ahmed

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LONDON: The German government's cost of borrowing over seven years fell below zero for the first time on Thursday, secondary market trading data collected by Reuters showed.

Seven-year yields dipped around 2 basis points to a new record low of -0.003 percent.

Germany sold its first five-year debt with negative yields on Wednesday.

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