Safe-haven eurozone bonds boosted by unease over Italian bank rescue plan

London

TOP-RATED German bond yields fell to multi-week lows on Wednesday, as concerns about the strength of a rescue plan for Italian banks pushed investors to the safety of government debt.

Germany's two-year bond yield briefly touched a fresh record low at minus 0.84 per cent, five-year yields fell to their lowest in almost three months at minus 0.57 per cent and 10-year bund yields hit a seven-week low before pulling back slightly in thin trade.