Wed, 03 Jul 2013 08:23:17 GMT
German bonds advance, while Portugese falls
Yields on 10-year German government bonds decreased for a third consecutive day after two Portuguese ministers resigned amid growing opposition to austerity. The yields on bunds fell 3 basis points to 1.67%, while similar maturity Portuguese bonds dropped, increasing the yield 33 basis points yesterday. The moves come before euro region's growth data, which is expected to show a contraction.