European Government Bonds Gain; 10-Year Yield at 4.17 Percent

European government bonds advanced in London.

The yield on the 10-year German bund, the benchmark for Europe, fell 1 basis point to 4.17 percent by 7:09 a.m. in London. The price of the 4.25 percent security due July 2017 rose 0.09, or 90 euro cents per 1,000 euro ($1,464) face amount, to 100.61.

The yield on the two-year note was at 3.94 percent.

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