Eurozone bond yields near record lows as German outlook dims

is very nervous and looking at all kinds of data,” said Daniel Lenz, rates strategist at DZ Bank.

Ten-year German government bond yields were last at -0.613% in early trade, having hit a record low of 0.619% earlier in the session.

Its 30-year notes outperformed and were down four basis points at -0.135%, near record lows,.

Economic woes and expectations of more monetary easing are pushing down bond yields globally. Japanese 10-year yields hit three-year lows.

There are now nine sovereigns with 10-year bonds that trade at market prices implying a negative yield to maturity. The nominal stock of government debt with negative yields is about $15 trillion, Fitch said in a note on Monday.

Italian yields were down as much as seven basis points across the curve, falling for the second straight trading day after a call on Friday from League leader Matteo Salvini to dissolve the government.

Salvini is pushing for a no-confidence vote this week to bring down the government his party formed with the 5-Star Movement last year. Opposition parties would prefer to wait until Aug 19-20.

The decision lies with the heads of political groups in the Senate.

Italy’s 10-year yield fell to 1.68%. (RTRS)