German Bunds Stay Higher After Euro Region Confidence Declines

German government bonds stayed higher after a report showed economic confidence in the euro area region declined more than economists forecast in April.

The yield on the 10-year bund fell two basis points, or 0.02 percentage point, to 1.72 percent at 10:04 a.m. London time. Two-year yields fell one basis point to 0.11 percent.

An index of executive and consumer sentiment in the 17- nation euro area fell to 92.8 from a revised 94.5 in March, the European Commission in Brussels said today. Economists had forecast a drop to 94.2 from a previously reported 94.4, the median of 29 estimates in a Bloomberg News survey showed.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

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

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.