German Bonds Drop on Bets European Crisis-Fighting Plan Closer
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German bonds fell, pushing 10-year yields up from an all-time low, amid speculation European officials are moving closer to new measures to fight the spread of the region’s debt crisis.
Benchmark bunds had their first back-to-back decline in almost a month after Group-of-Eight leaders urged Greece to stay in the euro and supported boosting growth. Italian notes rose as German and French officials meet before a summit of regional leaders on May 23. Irish two-year yields climbed to the highest in four months even as the central bank head said it was a “huge leap” to assume the nation would seek a new bailout.