German 10-Year Bonds Gain; Yield Drops 3 Basis Points to 1.58%

German 10-year bonds advanced, pushing the yield on the securities down three basis points, or 0.03 percentage point, to 1.58 percent as of 12:58 p.m. London time.

The rate on similar-maturity Spanish bonds fell three basis points to 5.10 percent.

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