10-year German bond yield slides to mid-March low on coronavirus concerns

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The benchmark 10-year yield for the German government bond, or bund, is down to its lowest level in around 7 months amid concerns the re-acceleration of COVID-19 infections in Europe are prompting eurozone government officials to institute lockdowns measures to curb the spread of the disease. The 10-year German bond yield was down 5.4 basis points to negative 0.631%, its lowest since March 13. Bond prices move inversely to yields. The German government bond is considered a proxy for the broader eurozone debt market. Paris and London have introduced some restrictions on social activity in the past week.
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