German 10-year bunds erased a decline, leaving the yield little changed at 1.56 percent as of 8:33 a.m. London time, after climbing as much as five basis points, or 0.05 percentage point, to 1.61 percent.

The nation’s two-year note yield was at minus 0.025 percent.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

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