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German Government Bonds Open Higher After GfK Confidence Report

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March 27 (Bloomberg) -- German government bonds advanced after GfK SE said consumer confidence in Europe’s biggest economy will remain unchanged in April.

The yield on the nation’s 10-year debt fell one basis point, or 0.01 percentage point, to 1.33 percent as of 7:04 a.m. London time. The rate on the two-year note also dropped one basis point, to zero.

The Nuremberg-based market research company forecast today that its consumer-sentiment index, based on a survey of about 2,000 people, will remain unchanged at 5.9 next month. That’s in line with the median forecast in a Bloomberg News survey of 30 economists.

Link to Company News:{GFK GR <Equity> CN <GO>}

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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