Bloomberg News

German Two-Year Note Yield Stays Below Zero As Confidence Drops

July 17, 2012

German two-year note yields stayed below zero as a report showed investor confidence in Europe’s largest economy declined to a six-month low.

The yield on the 0 percent security due June 2014 was at minus 0.050 percent at 10:04 a.m. London time, after falling earlier to a record low minus 0.061 percent. The 10-year yield was one basis point higher at 1.24 percent.

The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, fell to minus 19.6 from minus 16.9 in June. Economists forecast a drop to minus 20, according to the median of 38 estimates in a Bloomberg News survey.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

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


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