Bloomberg News

German 10-Year Bunds Open Higher After GDP Data; Yield at 1.43%

August 23, 2012

German 10-year bunds opened higher after a report confirmed that growth in the euro-region’s largest economy slowed to 0.3 percent in the second quarter.

The nation’s 10-year yield slipped three basis points, or 0.03 percentage point, to 1.43 percent as of 7:07 a.m. London time. The two-year rate was one basis point lower at zero.

German economic growth slowed to 0.3 percent from 0.5 percent in the first three months of the year, the Federal Statistics Office in Wiesbaden said today, confirming an initial estimate published Aug. 14. Exports rose 2.5 percent from the first quarter and private consumption increased 0.4 percent, the office said.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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