German 10-year bunds opened little
changed after a report showed retail sales in Europe’s largest
economy unexpectedly fell in July.
The yield on the 10-year security was at 1.32 percent as of
7:07 a.m. London time. The naton’s two-year rate was also little
changed at minus 0.035 percent.
Retail sales in Germany slipped 0.9 percent last month
after increasing a revised 0.5 percent in June. The median
estimate of 15 analysts in a Bloomberg News survey called for a
rise of 0.2 percent.
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