German 10-year yield falls below Japanese 10-year yield

FXStreet (Mumbai) - The German 10-year Bund yield fell below its Japanese counterpart for the first time as investors continue to pile-in money into safe haven German assets.

Bunds gain on safe haven appeal

The yield on 10-year German Bunds has been falling as the Eurozone economy fell into deflation. Furthermore, tensions between Greece and its international creditor group knows as “troika” has increased the demand for safe haven Bunds.

The 10-year yield in Germany is trading up 2 basis points at 0.334%, while the Japanese 10-year yield gained 7 basis points to 0.355%.