European Bonds Advance, Pushing Two-Year Yields to 11-Month Low

European government bonds opened higher, pushing two-year yields to their lowest in 11 months.

The yield on the two-year German note fell 5 basis points to 3.68 percent by 7:05 a.m. in London. The price of the 4 percent security due September 2009 rose 0.08, or 80 euro cents per 1,000-euro ($1,483) face amount, to 100.54.

The yield on the 10-year bund, Europe's benchmark, dropped 3 basis points to 4.02 percent.
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