German bond yields dip

German bond yields edged lower on Wednesday after disappointing business sentiment data in the euro zone's largest economy further underlined the prospect of additional easing measures from the European Central Bank. Germany's headline Ifo number fell for the fifth straight month in September and expectations for future activity dropped to its lowest since December 2012. That stoked more worries about the growth outlook after a survey on Tuesday showed the country's manufacturing sector slowing. This slump in economic indicators, allied with a weak take up for the ECB's new set of emergency loans last week, has raised the prospect that the euro zone central bank will have to resort to other measures to maintain the recovery. ‘It provides a further signal of broad-based weakness in economic activity and raises pressure on policymakers to address this,’ said Lyn Graham-Taylor, a strategist at Rabobank, according to reuters.com