What's moving markets today: Live updates - CNN

Another sign of anxiety: A startling rush of money into bonds.

As demand for bonds grew the 10-year Treasury yield took a nosedive on Wednesday, sinking below 1.63%. That means the benchmark rate has been basically cut in half since last fall, reflecting a movement into safe investments and mounting expectations of more easy money from central banks.

It's not just a US bond market phenomenon. Germany's 10-year bond rates tumbled deeper into negative territory, reaching a remarkable -0.6%.

That means investors, who usually get interest, are instead paying holders of German bonds to park their money. Government debt in Switzerland and France dropped further into subzero territory as well.

Peter Boockvar, chief investment officer at Bleakley Advisory Group, wrote in a note to clients that the drop in yields is "getting scary."

He added:

The already epic global bond bubble continues to inflate further."

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https://www.cnn.com/business/live-news/stock-market-news-today-080719/index.html

2019-08-07 14:09:00Z
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