German bunds fell for the first time in four days as the nation received bids for less than the maximum target at a sale of 10-year debt amid easing concern the debt crisis is worsening.
Spain’s government securities rallied, with 10-year yields falling from the highest this year, after European Central Bank executive board member Benoit Coeure signaled the institution may resume its program of sovereign-debt purchases. Italy’s bonds advanced even after borrowing costs increased as the country sold 11 billion euros ($14.4 billion) of Treasury bills. The Stoxx Europe 600 Index climbed 0.6 percent.
