German Bonds Have Worst Week Since June After Draghi Underwhelms
- Euro-area sovereign debt pares losses Friday after oil drops
- 10-year bund yield jumped by most since 2011 on Thursday
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German government bonds had their worst weekly loss in almost six months after the European Central Bank’s policy moves disappointed investors who expected a bigger boost to quantitative easing.
The 10-year bund yield, which jumped the most since 2011 on Thursday after the ECB’s meeting, increased again on Friday to mark its biggest weekly advance since June. Bonds across Europe pared their earlier declines after crude-oil prices fell, dampening the inflation outlook and supporting fixed-income assets.