Germany set a new record in financial markets on Wednesday, becoming the first eurozone country to sell 10-year bonds with a negative yield in a government auction.
The sale illustrates how far-reaching Britain’s decision to leave the EU, and the uncertainty about the extent of possible economic spillover, further fuels a rush for haven assets and collapse in bond yields.
It also highlights investors’ belief that policymakers are on the cusp of delivering even more drastic action to stimulate economic growth.
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