German’s longer-dated bonds underperformed their peers Thursday as investors unwound bets an imminent boost to European Central Bank stimulus. The nation’s yield curve had flattened going into the meeting amid speculation Mario Draghi would alter his quantitative easing plan, a trend which reversed after the central bank’s president said that officials didn’t discuss an extension to its bond-buying plan at a meeting this week.

Watch Next: Bond Selloff Deepens as Draghi Disappoints Markets

Bond Selloff Deepens as Draghi Disappoints Markets

Before it's here, it's on the Bloomberg Terminal. LEARN MORE