German 10-year bunds stayed higher after a report showed euro-area producer-price inflation slowed more than economists estimated in November.

The rate on German 10-year bonds dropped one basis point, or 0.01 percentage point, to 1.53 percent as of 10:01 a.m. London time.

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