Bloomberg News

German 10-Year Yields Little Changed at 1.44% After Jobless Data

January 03, 2013

German government bonds stayed little changed after a report showed unemployment in the nation increased less than economists forecast in December.

The 10-year bund yield was at 1.44 percent as of 9:20 a.m. London time.

The number of people out of work rose a seasonally adjusted 3,000 to 2.942 million, the Nuremberg-based Federal Labor Agency said today. Economists predicted an increase of 10,000, the median of 19 estimates in a Bloomberg News survey showed. The adjusted jobless rate held steady at 6.9 percent.

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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