German Bonds Fall Into Negative Territory, First Time Ever

The yield on the 10 year benchmark German Bund fell into negative territory for the first time ever. The move comes amid global growth concerns and jitters over the United Kingdom's upcoming vote on its European Union membership. Recent surveys show supporters of Britain leaving the Union, known as "Brexit' is gaining ground. It looks like Verizon (VZ) - Get Report  may have competition for Yahoo! (YHOO) . Reuters reports that a showdown between Verizon and AT&T (T) - Get Report  will likely come to fruition in the 3rd and final round of bidding for Yahoo's business assets. Verizon bid around $3 billion for Yahoo's core internet assets. The IEA this morning says the oil market will balance out, probably yet this year. The International Energy Agency says less oil was stockpiled than it had originally thought. The Federal Reserve Open Market Committee begins a 2-day meeting today, where no change in interest rates is expected.