German bonds rise
Monday, 28 September 2009
MUNICH, Sept 26 (Bloomberg): German government bonds posted the biggest weekly gain in more than a month as Group of 20 leaders shifted their focus to bank pay from economic-stimulus measures that helped buoy demand for riskier assets.
The advances sent the yield on the two-year note to the lowest level in 17 days as Europe's Dow Jones Stoxx 600 Index posted a weekly drop, paring a rally that pushed it 51 per cent higher since March 9.
Existing homes sales and durable goods orders in the US unexpectedly fell in August while an index of German business sentiment climbed less than forecast.
The advances sent the yield on the two-year note to the lowest level in 17 days as Europe's Dow Jones Stoxx 600 Index posted a weekly drop, paring a rally that pushed it 51 per cent higher since March 9.
Existing homes sales and durable goods orders in the US unexpectedly fell in August while an index of German business sentiment climbed less than forecast.