Bloomberg News

German Bunds Pare Advance as Ifo Index Exceeds Analyst Estimates

November 23, 2012

German 10-year bunds pared an advance after a gauge of German business confidence unexpectedly rose in November.

Yields on 10-year securities fell less than one basis point, or 0.01 percentage point, to 1.42 percent at 9:07 a.m. London time, after declining as much as two basis points to 1.41 percent.

German business confidence rose to 101.4 this month from 100.0 in October. The median forecast of 48 economists in a Bloomberg survey was for a decline to 99.5.

To contact the reporter on this story: Neal Armstrong in London at narmstrong8@bloomberg.net

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


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