Bunds Rise as EU Ministers Meet on Greece; Belgian Bonds Advance
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German bonds rose for the first time in six days amid speculation European Union finance ministers meeting today will fail to reach a deal on unlocking aid for Greece, boosting demand for the region’s safest assets.
Ten-year bund yields fell from the highest level in two weeks as a report showed German consumer confidence will drop for the first time in seven months in December after the euro-area debt crisis pushed the region into a recession. Spanish bonds were little changed as pro-independence parties in Catalonia won a regional vote. Belgian bonds advanced as the nation auctioned securities at record-low borrowing costs.