The rate applies to 10-year Belgian government bonds. Apparently, investors are considering Belgium as a safe haven again. At the end of last year, when Belgian political leaders struggled to form a coalition government, the yield on Belgian bonds was climbing to an alarming 6 percent.
The current low yield is good news for Belgium's international credibility and creditworthiness on the financial markets. In the afternoon, the yield rose slightly to 2.85 percent. While there was good news for Belgium, Spain was being confronted with yields of almost 7 percent this morning.