Sovereign bond yields rise as trade war and Brexit fears ease – business live

Rolling coverage of the latest economic and financial news

8.35am BST

The big worry is that the rise in bond yields will leave some investors with unpleasant losses.

At the end of August, the amount of debt trading at negative yields surged to $17 trillion, an all-time record. But in recent days, this has dropped back to $15 trillion.

ICYMI! The amount of outstanding negative-yielding #debt has fallen by almost USD 2 trillion in recent days. Have we seen the low in global bond #yields? pic.twitter.com/snwIPRDHIf

8.30am BST

Britain’s sovereign debt is also under pressure this morning, sending yields up to six-week highs.

The yield on UK 10-year gilts jumped to 0.666% this morning, up from a low of just 0.339% a week ago. That means it would cost the UK government more to borrow for a decade – although it’s still cheap in historic terms.

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Source: The Guardian
Sovereign bond yields rise as trade war and Brexit fears ease – business live