German Bonds Advance as Draghi Says ECB Rates to Stay Low

German government bonds advanced, pushing the nation’s two-year yield to the lowest in almost a month, as European Central Bank President Mario Draghi said rates will stay low for an extended period of time.

The yield on the two-year securities slipped seven basis points, or 0.07 percentage point, to 0.10 percent as of 1:39 p.m. London time, and touched 0.09 percent, the lowest since June 6. The 10-year yield slipped four basis points to 1.62 percent.

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