German 10-year bunds are leading a broad rally in bonds that hit despite the better ADP numbers.
US 10-year yields are at the lows of the day at 2.46% but, to me, it looks to be led by German bunds as yields there fall for the sixth day.
I suspect the moves are related to the start of the month and headlines saying Western countries could announce new Russian sanctions if rebels continue to take territory.
German 10 years
