Wed, 31 Jul 2013 13:05:05 GMT
German bonds rise after debt auction
Yield on 30-year German government bonds decreased after EUR 1.63 billion debt auction. The yield dropped 3 basis points to 2.45%, while 10-year bund yield slid 3 basis points to 1.64% after reaching 1.71% earlier today. Germany's bonds lost 1.3% of its value this year so far, compared to gains of 2.9% in Italian bonds and 6.2% in Spanish government