Germany's Whole Yield Curve Dives Below 0% for the First Time
- Nation becomes the largest economy to have all negative yields
- Trump’s threat of new tariffs has fueled the latest rally
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German 30-year bonds rallied to send yields across the whole of its debt market below 0% for the first time after President Donald Trump ratcheted up the U.S. trade war with China.
The euro area’s biggest economy joined Denmark and Switzerland in the region in offering negative returns to investors should the notes be held to maturity, taking the total stock of investment-grade debt yielding less than 0% to $14 trillion globally.