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.