German Government Bonds Open Higher After GfK Confidence Report

German government bonds advanced after GfK SE (GFK) said consumer confidence in Europe’s biggest economy will remain unchanged in April.

The yield on the nation’s 10-year debt fell one basis point, or 0.01 percentage point, to 1.33 percent as of 7:04 a.m. London time. The rate on the two-year note also dropped one basis point, to zero.

The Nuremberg-based market research company forecast today that its consumer-sentiment index, based on a survey of about 2,000 people, will remain unchanged at 5.9 next month. That’s in line with the median forecast in a Bloomberg News survey of 30 economists.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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

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