U.S. 10-year notes stayed little changed after a report showed German business confidence fell to the lowest in more than two years in June.

The securities yielded 1.62 percent as of 9:06 a.m. London time. The nation’s 30-year yield was also little changed at 2.69 percent.

The Munich-based Ifo institute said today its business climate index, based on a survey of 7,000 executives, dropped for a second straight month to 105.3 from 106.9 in May. That’s the lowest reading since March 2010.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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