Global bond rally fueled by US-China trade tensions
US treasury yields are at their the lowest since September 2017 and German bund yields are at two-and-a-half-year low
London — With no sign China-US trade tensions will let up and fears of an Italy-EU confrontation growing again, the global bond rally accelerated on Wednesday, as investors dumped shares and scurried for the safety of German and US government debt.
German yields fell deeper into negative territory and edged towards record lows around minus 0.2%. Ten-year US treasury bond yields reached 20-month lows, having fallen almost 30 basis points this month...