August 29, 2017 / 6:31 AM / in 4 months

German yields hits two-month lows after N.Korea missile test

LONDON, Aug 29 (Reuters) - Germany’s borrowing costs hit a two-month low on Tuesday as investors rushed to buy up one of the safest securities in the world after North Korea fired a ballistic missile over Japan early on Tuesday.

North Korea’s ballistic missile test prompted warnings for residents to take cover while provoking a sharp reaction from Prime Minister Shinzo Abe and other leaders.

The yield on Germany’s 10-year government bond , the benchmark for the euro zone region, dropped to 0.36 percent in early trades on Tuesday, the lowest since June 28. (Reporting by Abhinav Ramnarayan, Editing by Saikat Chatterjee)

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