LONDON, Aug 23 (Reuters) - Germany’s 10-year government bond yield fell to an eight-week low on Wednesday, following U.S. Treasury yields lower on concerns over the debt ceiling in the United States.
The yield on Germany’s 10-year bond, fell to 0.371 percent, down 3 basis points on the day.
U.S. Treasury yields dropped after U.S. President Donald Trump said late on Tuesday that he would be willing to risk a government shutdown to secure funding for a border wall, raising fears of a bruising budget battle.
They fell further on Wednesday after ratings agency Fitch said the debt ceiling would test lawmakers. U.S. lawmakers face a deadline in late September to raise the U.S. debt ceiling or risk defaulting on debt payments. (Reporting by Abhinav Ramnarayan; Editing by Dhara Ranasinghe)