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German Bunds Stay Higher After Euro Region Confidence Declines

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April 26 (Bloomberg) -- German government bonds stayed higher after a report showed economic confidence in the euro area region declined more than economists forecast in April.

The yield on the 10-year bund fell two basis points, or 0.02 percentage point, to 1.72 percent at 10:04 a.m. London time. Two-year yields fell one basis point to 0.11 percent.

An index of executive and consumer sentiment in the 17-nation euro area fell to 92.8 from a revised 94.5 in March, the European Commission in Brussels said today. Economists had forecast a drop to 94.2 from a previously reported 94.4, the median of 29 estimates in a Bloomberg News survey showed.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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