German 10-Year Bunds Stay Higher After Euro-Area PMI Data

German 10-year bunds stayed higher after a report showed euro-area services and manufacturing output contracted more than economists forecast in March.

The 10-year bund yield was six basis points lower at 1.92 percent as of 9:14 a.m. London time.

A euro-area composite index based on a survey of purchasing managers in both industries dropped to 48.7 from 49.3 in February, London-based Markit Economics said in an initial estimate today. Economists forecast a gain to 49.6, according to the median of 21 estimates in a Bloomberg News survey. A reading below 50 indicates contraction.

To contact the reporter on this story: Keith Jenkins in London at

To contact the editor responsible for this story: Daniel Tilles at

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.