Economics
German Bonds Fall First Time in 4 Days After OPEC Oil Output Cut
- Ten-year bund yields climb from near lowest level since July
- Germany’s annual inflation rate rises to 16-month high
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German 10-year bonds declined for the first time in four days amid speculation that OPEC’s decision to cut crude production will help policy makers in their push to drive up consumer prices.
Benchmark 10-year bund yields rose from near an 11-week low after the Organization of Petroleum Exporting Countries surprisingly agreed at a meeting in Algiers Wednesday to reduce production for the first time since 2008. That decision triggered oil’s biggest jump in five months.