European Government Bonds Rise; 10-Year Yield at 4.09 Percent

European government bonds opened higher for a second day.

The yield on the 10-year German bund, Europe's benchmark, fell 3 basis points to 4.09 percent by 7:04 a.m. in London. The price of the 4.25 percent security due July 2017 rose 0.23, or 2.3 euros per 1,000-euro ($1,469) face amount, to 101.22.

The yield on the two-year note fell 3 basis points to 3.82 percent.

tradeonlinesystem.com