Germany Says There's Been No Decision to Give Up Balanced Budget
- Bond yields pare rise after fiscal restraint affirmed
- Legislators say no plan to ease fiscal discipline now
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Germany’s finance ministry said in response to media reports that there has been no government decision to abandon its policy of running a balanced budget.
The yield on Germany’s 10-year note was up 3 basis point to -0.55%, paring an earlier rise to -0.58%.