Bloomberg News

German 10-Year Yield Little Changed at 1.32% After Retail Sales

August 31, 2012

German 10-year bunds opened little changed after a report showed retail sales in Europe’s largest economy unexpectedly fell in July.

The yield on the 10-year security was at 1.32 percent as of 7:07 a.m. London time. The naton’s two-year rate was also little changed at minus 0.035 percent.

Retail sales in Germany slipped 0.9 percent last month after increasing a revised 0.5 percent in June. The median estimate of 15 analysts in a Bloomberg News survey called for a rise of 0.2 percent.

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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