German bund yields fall to record low on poor US data

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Yields on German government bonds have fallen to a new record low amid weaker than expected jobs data from the US.

The yield on the benchmark German 10-year bunds has fallen to a record low of 1.586%, according to Reuters data. The low point, which represented a fall of 0.025% from today's opening above 1.6%, came after US unemployment figures missed expectations. The key non-farm payrolls data from the US showed 115,000 new jobs created in April. The increase, the smallest since October 2011, was below consensus expectations of a 160,000 rise but was partially offset by an upwards revision in March figures from 120,000 to 154,000. February figures were also revised up from 240,000 to 259,000. ...

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