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Bunds Stay Higher After Data Shows Euro-Region Economy Shrank

German bunds stayed higher after a report showed the euro-region economy contracted in the fourth quarter of 2011.

Ten-year bund yields were four basis points lower at 1.79 percent at 10:11 a.m. London time. Two-year note yields fell two basis points to 0.16 percent.

Gross domestic product declined 0.3 percent from the third quarter, the European Union’s statistics office said today, confirming an initial estimate published on Feb. 15.

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