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.

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

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