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German Bunds Advance as Draghi Says “Wide Discussion” on Rates

German 10-year bunds extended an advance, pushing the yield on the securities to the lowest in more than three months, after European Central Bank President Mario Draghi said policy makers had a “wide discussion” on interest rates before a policy decision today.

The 10-year rate dropped as much as four basis points, or 0.04 percentage point, to 1.31 percent, the lowest since Aug. 31. It was at 1.315 percent as of 2:01 p.m. London time.

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