Don't Let Europe's Bond Yields Hit You on the Way Out

As Germany begins selling new 10-year bonds at a negative yield, here's a look at how bond yields on the 10-year Treasury fare elsewhere in Europe.
By Antonia Oprita ,

The bond market was in a flurry on Wednesday following the news that Germany became the first eurozone country to sell new 10-year bonds at a negative yield and the second in the world to do so. 

The German government raised €4 billion ($4.5 billion) through the sale of 10-year debt, at a rate of -0.05%, with a maturity date of Aug. 15, 2026. Germany joined Japan as one of only two nations that have issued 10-year debt at negative rates, TheStreet's James Skinner wrote. 

With the German bund considered the benchmark for Europe, the move sets "a further milestone in the relentless fall of government bond yields around the world," according to The Wall Street Journal.

TheStreet's Jim Cramer was also not a fan of the decision.

"The German 10-year is therefore the WORST that money can buy and whoever is selling this lunatic piece of paper to people and whoever is buying it are as equally stupid as my clients and my partners were smart," Cramer wrote in a Real Moneypost on Wednesday.

Here's a look at how bond yields on the 10-year Treasury fare elsewhere in Europe.

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