German two-year notes surge ahead of factory report

Germany's two-year notes gained for the fifth consecutive day as economists forecast a report to show factory orders in the nation decreased in September. The yield on two-year note fell 0.01 percentage point to -0.014 percent, meaning the investors will yield less than they paid for the securities. The zero percent security maturing in September 2014 increased 0.01, or 10 cents per 1,000-euro face amount, to 100.025. According to estimates, Europe's largest economy's factory orders tumbled 0.4% in September.