August 23, 2017 / 3:21 PM / a year ago

German yield falls to eight-week low on U.S. debt ceiling worries

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below