German 10-year bunds advanced after the nation as the nation sold 4.15 billion euros of the securities at a record-low yield.

The 10-year rate dropped one basis point to 1.31 percent as of 10:45 a.m. London time, after dropping as much as two basis points to 1.30 percent after the auction.

Germany sold the debt at a record-low yield of 1.31 percent, according to a statement from the Bundesbank today.

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