German Bonds Rise Amid Bets Global Policy to Stay Accommodative
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Germany’s government bonds advanced, with 10-year yields approaching a record low, as slowing inflation in the euro area and weaker U.S. data boosted speculation global monetary policy will stay accommodative.
Spain’s securities climbed as a report showed the nation’s annual consumer prices dropped in July at the fastest pace since 2009, while data confirmed German consumer-price growth slowed last month. U.S. retail sales were little changed in July, the worst performance in six months, as tepid wage growth restrained consumers, cooling speculation U.S. interest rates will need to rise. Germany sold 3.3 billion euros ($4.4 billion) of 10-year debt at a record-low auction yield today.