German Government Bonds Rise as Greek Vote Boosts Haven

German bonds advanced after a Greek referendum rebuffed the austerity measures required by creditors in return for financial aid, pushing investors to seek the euro-region’s safest fixed-income assets.

Sixty-one percent of voters backed Prime Minister Alexis Tsipras’s rejection of the bailout plan. While Italian and Spanish securities declined, the losses were only the steepest in a week. Greek Finance Minister Yanis Varoufakis said he was quitting his post hours after his government triumphed, saying his presence would hamper aid talks.