Yields on the German 2-year note remained into the red as confidence among investors declined to a six-month low and Fed Chairman Ben Bernanke abstained from introducing new measures to fight the sluggish economic growth. German bunds pared earlier losses after the Fed Chairman said the unemployment is likely to decrease at a very slow pace. Yields on the Austrian 2-year note dropped below 0 for the first time in history as market participants were looking for higher returns on their investments. Yields on French bonds also declined to record low levels, narrowing the premium traders want as a compensation over the safer German bond to the lowest level in 9 months. Yields on Spainish notes fell as the government sold new bills. Yields on German 2-year note were little changed at -0.05% after marking a fresh new low of -0.061% earlier in the week. The 0 note with maturity at June 2014 traded at 100.09. The yield on the benchmark 10-year bond traded flat at 1.23%.
