German 10-Year Bunds Decline as Business Confidence Index Climbs

German 10-year bunds declined as a report showed business confidence in Europe’s largest economy rose for a third month in January.

The 10-year yield rose two basis points to 1.59 percent at 9:07 a.m. London time. The two-year note yield was little changed at 0.19 percent.

The Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 104.2 from 102.4 in December.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@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.