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.
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