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German Bond Gains Push Yields to Record Low Amid ECB Speculation
Euro-area government bonds advanced, sending the benchmark German 10-year yield to a record low, amid speculation slowing inflation will prompt the European Central Bank to extend its asset-purchase program. Yields from Austria to Portugal dropped to the least on record. Spanish securities gained as a report showed consumer prices fell more this month than economists forecast, raising concern deflation is taking hold. Separate data showed inflation in the German region of Bavaria stalled in November. The price of Brent crude oil slid to a four-year low. ECB President Mario Draghi is scheduled to speak in Helsinki ... (full story)