German bonds fall for a second straight day

Source: Bloomberg

German sovereign bonds declined for a second consecutive day after a rally in Asian markets reduced demand for safer assets as investors regained confidence that global growth can be sustained. Borrowing costs on 10-year German notes reached one-week high to 1.93% before nation's bond auction due tomorrow. Germany prepares to sell 5 bn Euros ($6.5 bn) of the debt tomorrow.

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