London
GERMAN Bunds were set to end their most volatile year since 2011 with yields higher than at the end of 2014 after a failed bid to break below zero raised questions about their safe-haven status and showed the limitations of ultra-easy monetary policy.
On Wednesday, the last trading day of 2015, 10-year Bund yields, the benchmark for eurozone borrowing costs, were up one basis point (bp) on the day and about 10 bps on the year at 0.64 per cent. In 2014, they fell almost 150 bps.
The dramatic rise...
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