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Germany sells 30-year bond at auction with negative yield for first time

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Germany sells 30-year bond at auction with negative yield for first time

BERLIN, Aug 21 (Reuters) – New German bonds with a 30-year maturity were issued with a negative yield for the first time in an auction on Wednesday, data from the Bundesbank showed.

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The average yield in the auction was -0.11%

Thirty-year bond yields across major markets have tumbled this year as worries about weak growth and speculation about central bank easing drives investors into longer and longer-dated maturities to grab a few extra basis points of yield. (Reporting by Michelle Martin; Editing by Virginia Furness)