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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.
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