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German Bunds Advance as European Industrial Production Slips

German bunds rose, pushing the 10-year yield toward a two-month low, as a report showed European industrial production unexpectedly fell in March, strengthening the case for interest rates to be kept on hold.

Two-year German notes also gained as European stocks slid, boosting demand for the safety of fixed-income assets. The securities of Europe’s most-indebted nations advanced after Finland’s finance minister said the country will back a bailout for Portugal.