Bloomberg News

German Bunds Rise as Draghi Says Policy Will Stay Accommodative

April 04, 2013

German bonds extended their advance after European Central Bank President Mario Draghi said policy will stay accommodative for as long as needed.

Ten-year bund yields fell five basis points to 1.24 percent at 1:42 p.m. London time. That’s the lowest level since Aug. 2. Two-year yields fell three basis points to minus 0.03 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


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus