May 15, 2019 / 12:51 PM / 2 months ago

German 10-yr, 30-yr yields sink to lowest in over 2 yrs

LONDON, May 15 (Reuters) - German government bond yields fell to the lowest levels in more than two years on Wednesday, as slowing Chinese growth, trade war tensions and noisy Italian budget talks sent investors scurrying for safe assets.

Germany’s 10-year govt bond yield extended earlier falls and was five basis points lower at -0.12%, its lowest since Oct 2016 while its 30-year bond yield slipped 7 bps to 0.50%, .

The rally in U.S. 10-year bonds also gathered pace as New York markets opened, with yields falling five bps to a new seven-week low of 2.37%.

The three-month/ten-year U.S. Treasury yield curve inverted again, with the three-month rate now at 2.41% (Reporting by Virginia Furness; editing by Sujata Rao)

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