Bloomberg News

German Notes Climb as Draghi Comments on Negative Deposit Rates

May 02, 2013

German and Finnish two-year government notes rallied after European Central Bank President Mario Draghi said policy makers had a strong consensus on today’s interest- rate cut and had an open mind on negative deposit rates.

Two-year German yields fell three basis points, or 0.03 percentage point, to minus 0.01 percent at 2:12 p.m. London time, while the rate on similar-maturity Finnish notes dropped as much as six basis points to minus 0.006 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


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