June 23 (Bloomberg) -- German 10-year government bond yields were within five basis points of their lowest since January as European leaders start a two-day meeting to discuss Greece's debt crisis and seek ways to avoid a default.
The yield stayed below 3 percent for a seventh consecutive day before data economists said will show the region's services and manufacturing industries grew at a slower pace in June. Risk signals for financial stability in the euro area are "flashing red" as the debt crisis threatens banks, European Central Bank President Jean-Claude Trichet said. The MSCI Asia Pacific Index fell 0.7 percent, while futures on the Euro Stoxx 50 dropped 0.6 percent.
The yield stayed below 3 percent for a seventh consecutive day before data economists said will show the region's services and manufacturing industries grew at a slower pace in June. Risk signals for financial stability in the euro area are "flashing red" as the debt crisis threatens banks, European Central Bank President Jean-Claude Trichet said. The MSCI Asia Pacific Index fell 0.7 percent, while futures on the Euro Stoxx 50 dropped 0.6 percent.
