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Europe’s most closely watched government bond yield turned positive for the first time since 2019, part of a broad readjustment by investors to rising inflation and the global economic rebound from the pandemic.
The yield on the 10-year German bund rose as high as 0.021% on Wednesday after trading in negative territory for over 30 months. It then eased down to minus 0.009%. Bund yields had been as low as minus 0.841% in March 2020.