German 30-Year Bonds Advance as Auction Gets Bids Exceeding Sales Target

German 30-year bonds advanced after the government got bids for more than the maximum sales target at an auction.

The 30-year yield fell two basis points to 2.61 percent at 10:38 a.m. London time.

German 10-year bund yields also dropped two basis points, to 1.98 percent. Two-year notes erased a decline, leaving the yield little changed at 0.22 percent.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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