Japanese five-year government bond yields fell to zero for the first time on record as central bank easing and slumping commodity prices drive demand for bonds across the globe. The yield on the 0.1 percent note due Dec. 20, 2019 fell one basis point to zero, according to data from Japan Bond Trading Co., the nation’s largest inter-dealer debt broker. The decline comes after Germany’s five-year yield dropped to a then-record of minus 0.008 percent on Jan. 2. Government bonds rallied this month, pushing yields to record lows from London to Sydney and Tokyo, after oil tumbled and traders prepared for the European ... (full story)