Germany's bunds gain as S&P affirms AAA rating

German government bunds increased on Friday and were set to record their second weekly advance after the rating agency Standard & Poor's affirmed the country's highest AAA credit rating. The benchmark 10-year government bunds yielded two basis points lower at 1.90% by 7:39 a.m. in London and recorded a drop by 5 basis points this week, the largest slide since November 29.