Topic: EU - on July 17, 2012 at 9:25:00 AM CEST
Eurozone crisis live: Mervyn King faces MPs on Libor and financial stability
• MPs will ask Bank of England governor about his role in the Libor rate-fixing scandal... • ....and the impact of the eurozone crisis on the UK • Ben Bernanke to testify to Senate later
08:20 BST
Another day in the bond markets begins with traders driving up the prices of 'safe-haven' eurozone government bonds.
Already, the yield (effectively the interest rate) on Belgium's 10-year debt has hit a euro-era record low of 2.53%. And the yield on Germany's 2 year bonds has hit a new record low of -0.061%. A negative yield means you would not get all your money back if you held the bond until it matured.
The yield on Austria's 2-year bonds is also below 0%, while the French equivalent has hit a record low of 0.058%*.
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