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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.