(Bloomberg) -- German bonds jumped, sending short-term yields below 2% for the first time in almost two years amid a broad rush for haven assets on geopolitical concerns.
The two-year rate, which is among the most sensitive to monetary policy changes, fell as much as eight basis points 1.99%, the lowest since December 2022. The 10-year rate fell 11 basis points to 2.01%.
Bonds extended gains as Bloomberg News reported the US has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel, according to a senior White House official.
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