Aug. 16 (Bloomberg) -- German 10-year bond yields rose for a fourth day as stocks in Asia climbed and before a report that economists predict will affirm the inflation rate in the euro region stayed at 2.4 percent in July.
The German two-year note yield was little changed, below zero for the 30th consecutive day. Spain is about to receive an emergency disbursement from the 100 billion-euro ($123 billion) bailout package for its banks, according to a person familiar with the matter. Euro-area consumer prices fell 0.5 percent last month from June, according to the median estimate of economists surveyed by Bloomberg News.
The bund yield advanced two basis points to 1.59 percent at 7:22 a.m. London time, after climbing to 1.61 percent, the highest since June 29. The 1.75 percent bond due July 2022 dropped 0.21, or 2.1 euros per 1,000-euro ($1,227) face amount, to 101.480. The two-year note yield was at minus 0.017 percent.
The MSCI Asia Pacific Index advanced 0.5 percent.
German bonds returned 2.5 percent this year through yesterday, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies. Spanish securities lost 3.8 percent, while Italy’s debt made 10 percent.
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