Global Panic Fuels Sovereign Bond Price Surge, Negative 10Y JGB Yield

Persistent concerns over the state of the Chinese economy and uncertainties over the pace of the U.S. Federal Reserve’s monetary policy tightening measures sent investors across the world scrambling toward safe-haven assets Tuesday. A widespread sell-off in global stock markets was accompanied by a concomitant surge in prices of sovereign bonds, causing — for the first…

10-Year Japanese Government Bond Yield (JGB) Goes Negative