German 10-Year Bunds Stay Lower After Ifo Confidence Climbs

German 10-year bunds stayed lower after the Ifo institute’s business climate index, based on a survey of 7,000 executives in Europe’s largest economy, jumped to a 10-month high in February.

The 10-year yield rose two basis points, or 0.02 percentage point, to 1.59 percent at 9:05 a.m. London time. Two-year notes were little changed, with the yield at 0.18 percent.

The Ifo institute in Munich said its business climate index climbed to 107.4, the most since April.

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