German 10-Year Bunds Extend Decline After U.S. Payrolls Report

German 10-year bunds extended a decline as a U.S. Labor Department report showed employers added more jobs in June than economists forecast.

The 10-year yield climbed seven basis points, or 0.07 percentage point, to 1.72 percent at 1:38 p.m. in London.

Payrolls rose by 195,000 workers for a second straight month, the Labor Department said in Washington. The median forecast in a Bloomberg survey projected a 165,000 gain after a previously reported 175,000 increase in May. The jobless rate stayed at 7.6 percent.

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