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Dax slumps over seven percent at the start of trading

Portfolio manager Thomas Altmann from QC Partners spoke of a “real bloodbath. The oil war is now added to the fight against Corona, ”he said. “Investors flee from everything that has risk.” Investors are driven into German government bonds that are considered safe. The trend-setting Euro Bund Future rose in the morning by 0.98 percent to 178.00 points. The yield on the ten-year federal bond fell 0.11 percentage points to minus 0.828 percent.

In addition to German bonds, papers from the Netherlands, Austria and Finland were also in demand in the euro zone. In contrast, Italian government bonds were sold massively. The Italian government recently sealed off regions in the north of the country, particularly the economically strongest regions in Italy are particularly affected. The yield on ten-year Italian government bonds rose by 0.27 percentage points to 1.34 percent.

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