German Bunds Pare Advance on Report of Cyprus Deposit Guarantees
By Lucy Meakin -
2013-03-21T15:58:56Z
German government bonds pared an advance as state-run broadcaster CYBC reported Cyprus Popular Bank Plc will be shut down with proceeds from the sale of good assets to be returned to depositors.
The rate on 10-year bunds was two basis points lower to 1.37 percent at 3:53 p.m. London time, after falling as much as four basis points to 1.35 percent.
Cyprus’s central bank told CYBC that it hasn’t been informed or taken such a decision.
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
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.