German two-year notes erased a decline before the nation sells 5 billion euros of the securities at an auction.
The two-year rate was little changed at 0.07 percent as of 9:59 a.m. London time, after earlier rising as much as two basis points to 0.10 percent.
German 10-year bunds were also little changed at 1.63 percent, after rising as much as four basis points to 1.67 percent.
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