German 10-year bunds pared an advance as a report showed investor confidence in the euro area fell less than economists forecast in August.
The bund yield was three basis points lower at 1.40 percent at 9:31 a.m. London time, after dropping as much as five basis points to 1.38 percent.
Germany’s Sentix research institute said its index measuring sentiment in the region’s economy fell to minus 30.3 from minus 29.6 in July. Economists forecast a decline to minus 31, according to the median estimate in a Bloomberg News survey.
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