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German yield falls to eight-week low on U.S. debt ceiling worries
August 23, 2017 / 3:22 PM / 4 months ago

German yield falls to eight-week low on U.S. debt ceiling worries

LONDON, Aug 23 (Reuters) - Germany’s 10-year government bond yield fell to an eight-week low on Wednesday, following U.S. Treasury yields lower on concerns over the debt ceiling in the United States.

The yield on Germany’s 10-year bond, fell to 0.371 percent, down 3 basis points on the day.

U.S. Treasury yields dropped after U.S. President Donald Trump said late on Tuesday that he would be willing to risk a government shutdown to secure funding for a border wall, raising fears of a bruising budget battle.

They fell further on Wednesday after ratings agency Fitch said the debt ceiling would test lawmakers. U.S. lawmakers face a deadline in late September to raise the U.S. debt ceiling or risk defaulting on debt payments. (Reporting by Abhinav Ramnarayan; Editing by Dhara Ranasinghe)

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