Bloomberg News

German Bunds Little Changed as Retail Sales Increase in February

March 28, 2013

German government bonds opened little changed after a report showed retail sales in Europe’s biggest economy unexpectedly rose for a second month in February.

The yield on the nation’s 10-year securities was at 1.27 percent as of 7:07 a.m. London time. The two-year rate was at minus 0.026 percent.

Sales, adjusted for inflation and seasonal swings, gained 0.4 percent from January, when they surged a revised 3.0 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a decline of 0.6 percent, according to the median of 24 estimates in a Bloomberg News survey.

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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