Germany's bonds at record low amid Ukraine tension
August 7, 2014, 12:00 am TWN
PARIS--German 10-year bonds rose to a record high level on Wednesday as a haven for funds seeking safety from the Ukraine crisis, pushing down the country's borrowing costs to the lowest-ever interest rate of 1.103 percent.
The fixed interest on existing, traded bonds falls in percentage terms as the bonds rise, and traders said that German debt was attracting funds seeking refuge from tension over the crisis in Ukraine.
The new rate or yield indicated by the rising bonds fell below the previous record set on July 29 of 1.119 percent.