German Bonds Advance for Eighth Month in Longest Run Since 2005
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Germany’s 10-year bonds advanced for an eighth month, the longest run of gains since January 2005, amid speculation the European Central Bank will add further stimulus to boost the currency bloc’s economy.
Yields on the region’s benchmark securities were little changed today as inflation in the euro area slowed to the least in almost five years this month. ECB President Mario Draghi said on Aug. 22 that bets on price increases “exhibited significant declines,” and policy makers are “ready to adjust our policy stance further.” A gauge of overnight borrowing costs in euros fell to a negative level for the first time yesterday. ECB officials next meet on Sept. 4.