Arab Today, arab today german 10year bond rate at record low on ukraine tension
Last Updated : GMT 07:01:29
Arab Today, arab today
Arab Today, arab today

German 10-year bond rate at record low on Ukraine tension

Arab Today, arab today

Arab Today, arab today German 10-year bond rate at record low on Ukraine tension

German stock market index DAX
Paris - AFP

 German 10-year bonds rose to a record high level on Wednesday as a haven for funds seeking safety from the Ukraine crisis, pushing down the country's borrowing costs to the lowest-ever interest rate of 1.103 percent.

The fixed interest on existing, traded bonds falls in percentage terms as the bonds rise, and traders said that German debt was attracting funds seeking refuge from tension over the crisis in Ukraine.
The new rate or yield indicated by the rising bonds fell below the previous record set on July 29 of 1.119 percent.

 

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