Bloomberg News

Bunds Extend Drop as Draghi Says ECB Decisions Enhance Credit

May 02, 2013

German government bonds extended their decline after European Central Bank President Mario Draghi said today’s decisions enhance credit and that monetary policy will remain accomodative for as long as is needed.

Ten-year bund yields climbed three basis points, or 0.03 percentage point, to 1.23 percent at 1:37 p.m. London time.

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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