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    Brexit Chill Sends Bund Yields Sub-Zero

    (Jun 14 Reuters) The yield on the 10-year German Bund, Europe's benchmark government bond, fell below zero for the first time on Tuesday as worries about a potential British exit from the European Union sent investors rushing for safe-haven assets.

    Polls and bookmaker's odds showed a rising chance of a Brexit vote in June 23's referendum as Britain's largest tabloid newspaper, the Sun, also came out in favour of the leave camp.

    The British pound remained fragile near a two-month low and world stocks slid for a fourth straight day but it was the historic bond market moves for the Bund that captured best the mood of uncertainty.

    The 10-year Bund yields fell as low as minus 0.002 percent, which effectively means that investors are paying to lend money to the German government for a full decade.

    Click on the link below to see the full story from Reuters: (by Marc Jones)

    Brexit chill sends Bund yields sub-zero

     

     


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