German Bund Yields Fall From 7-Week High as Euro Economy Shrinks

German 10-year bund yields fell from the highest level in seven weeks after a report showed the euro-area economy contracted more in the first quarter than analysts forecast, spurring demand for safer assets.

Greek bonds gained, sending 10-year yields below 9 percent for the first time since October 2010, after Fitch Ratings raised the nation’s credit rating yesterday by one level. Italian bonds were little changed as the nation said it will sell government debt maturing in 2044 through banks.