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German Bonds Rise as Retail Sales Unexpectedly Decline in April

May 31 (Bloomberg) -- German government bonds advanced after a report showed retail sales in Europe’s largest economy unexpectedly fell in April.

The yield on the 10-year securities fell two basis points, or 0.02 percentage point, to 1.50 percent as of 7:08 a.m. London time. The rate on the nation’s five-year notes also fell two basis points, to 0.50 percent.

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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