Bloomberg News

German Bunds Decline as U.S. Payrolls Advance More Than Forecast

November 02, 2012

German government bonds declined after a report showed U.S. hiring increased more than forecast last month.

The 10-year bund yield rose three basis points, or 0.03 percentage point, to 1.48 percent at 12:32 p.m. London time.

A net 171,000 workers were added to payrolls after a 148,000 gain in September, Labor Department figures showed today in Washington. The median forecast of 91 economists surveyed by Bloomberg called for an advance of 125,000.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

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


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