Yield on Japan's 10-year bonds falls below zero

Landmark event marks first time in decade that investors have been prepared to pay for privilege of lending to G7 government

A rush to "safe-haven assets" has sent the interest rate on Japanese 10-year bonds plummeting below zero, the first time in the history of government debt that the yield on a G7 country's 10-year bonds has been negative.

The interest rate on the 10-year Japanese government bond (JGB) touched minus 0.01% in trading on Tuesday.