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The 30-year yield fell ten basis points to 2.41 per cent, a euro-era record, reports Bloomberg. German ten-year yields also fell seven basis points, or 0.07 per cent, to 1.96 per cent.
Italian notes rose after the nation sold $3 billion of debt and planned a $30 billion emergency budget plan.
Niels From, chief analyst at Nordea Bank in Copenhagen, told the news provider the market was feeling cautious and avoiding any kind of risk.
"Everyone remains concerned about the banking industry and whether the measures taken last week by the European Central Bank and the European Union will work. German bunds are in demand," he added.
Bloomberg noted that the ZEW Center for European Economic Research had found an improvement in German investor confidence yesterday, bouncing back from a three-year low of minus 55.2 last month to reach minus 53.8 in December.
Posted by Clive Arneill
