Bloomberg News

German Notes Extend Gain as Finance Minister Meeting Cancelled

October 25, 2011

Oct. 25 (Bloomberg) -- German two-year notes extended gains after the U.K. said in an e-mailed statement that a meeting of European Union finance ministers scheduled for tomorrow has been cancelled.

The EU leaders’ summit will still take place as scheduled, U.K. Prime Minister David Cameron’s office said.

The German two-year yield fell six basis points, or 0.06 percentage point, to 0.60 percent at 2:46 p.m. in London. The 10-year yield dropped four basis points to 2.08 percent.

--Editors: Nicholas Reynolds, Paul Dobson

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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