German 30-year yield drops below zero for the first time ever

German 30-year yield turned negative on Friday, possibly on fears of a deeper economic slowdown.
The entire German yield curve is close to falling into negative territory.

Omkar Godbole FXStreet Contributor

The German 30-year Bund yield on Friday fell below zero for the first time on record.

The yield printed a low of -0.01 before closing at 0.008, down nine basis points on the day.

If the 30-year yield finds acceptance below zero, then Germany would join Switzerland and Denmark in offering negative returns across the bond yield curve.

The German 10-year yield also hit a record low of -0.501% on Friday. It is worth noting that the European Central Bank's (ECB) deposit rate is -0.40%.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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