10-year German government bond yields november 24 2011

10-year German government bond yields november 24 2011 ; German government bond yields hit their highest in nearly a month and world stocks held near 7-week lows on Thursday, a day after a weak debt sale in Berlin fanned fears the euro zone debt crisis is starting to threaten its biggest economy.

The euro remained vulnerable near a 7-week low against the dollar as investors eyed a meeting of leaders from France, Germany and Italy for any signs of cracks in Berlin's resistance to more concerted action to end the two-year-old crisis.

Repercussions from the auction, in which Germany found no buyers for almost half of the 6 billion euros on offer, extended into a second day, with Bund futures falling 115 ticks on the day to 134.66, the lowest since Oct. 31.

Ten-year German government bond yields rose as high as 2.14 percent, compared with just 1.724 percent earlier this month.

That is higher than the equivalent US Treasury yield of around 1.88 percent and Japan's 1 percent , although the difference also reflects the higher benchmark interest rate set by the European Central Bank.

"I think we are moving closer to a policy response probably, which could be either more aggressive ECB action or the idea of euro bonds could gain some traction," said Rainer Guntermann, strategist at Commerzbank.

"In either case the credit of the core countries could be increasingly diluted, including also German Bunds especially when it comes to euro bonds."

German, US and UK 10-year real yields -- benchmark government bond yields minus consumer prices inflation rate -- are in negative territory, with Japan boasting the highest real yield among the four of around 1 percent. For the latest updates PRESS CTR + D or visit Stock Market news Today

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