Germany’s government bonds halted a two-day drop today as traders awaited the European Central Bank’s next policy decision and more details about previously announced stimulus measures.
The country’s 10-year bunds climbed after it sold €3.2 billion of the securities to investors. The bonds were bought with an average yield of 0.15 per cent, the lowest since April 2015. Portuguese and Spanish bonds underperformed higher-rated euro-zone debt after Chinese stocks tumbled and...
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