Bloomberg News

German Bunds Little Changed Before Euro-Area Confidence Report

April 22, 2013

German government bonds were little changed before a report that economists said will show consumer confidence in the euro-region fell for the first time in five months in April.

The 10-year German yield was about six basis points from the lowest in almost nine months. An index of household confidence in the currency bloc fell to minus 24 from minus 23.5 in March, the European Commission in Brussels will say today, according to the median estimate of 29 analysts in a Bloomberg News survey. France is scheduled to sell as much as 8 billion euros ($10.5 billion) of bills today.

German 10-year bunds yielded 1.26 percent as of 7:09 a.m. London time. It slid to 1.20 percent on April 5, the lowest level since July 24. The price of the 1.5 percent security due in February 2023 was at 102.17.

German bonds returned 0.8 percent this year through April 19, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net; David Goodman in London at dgoodman28@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