German Government Bonds Stay Higher as June Unemployment Climbs

German government bonds stayed higher after a report showed unemployment in Europe’s largest economy climbed more than economists predicted in June.

The yield on the bund maturing July 2022 was seven basis points lower at 1.50 percent at 8:58 a.m. London time. Two-year yields dropped three basis points to 0.095 percent.

The number of people out of work rose a seasonally adjusted 7,000 to 2.88 million, the Nuremberg-based Federal Labor Agency said today. Economists forecast an increase of 3,000, the median of 30 estimates in a Bloomberg News survey shows.

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

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.