World Economy

Cheapest on Record

Cheapest on RecordCheapest on Record

German government bonds held a fifth weekly gain, with the 10-year yield touching a record low, after a report showed the euro region’s manufacturing industries grew at a slower pace in November, Bloomberg reported. French and Italian 10-year rates also dropped to the least on record before European Central Bank officials announce their latest monetary policy decision on Dec. 4. Germany’s 10-year yield was little changed at 0.70% as of 9:16 a.m. London time after falling to 0.69%, the lowest since Bloomberg started collecting the data in 1989.