German Bunds Stay Higher After Data Shows Euro-Region Economy Contracted

German bunds stayed higher after a report showed the euro-region economy contracted in the fourth quarter of 2011.

Ten-year bund yields were four basis points lower at 1.79 percent at 10:11 a.m. London time. Two-year note yields fell two basis points to 0.16 percent.

Gross domestic product declined 0.3 percent from the third quarter, the European Union’s statistics office said today, confirming an initial estimate published on Feb. 15.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

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

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