(Bloomberg) -- Government bond yields rose to the highest in almost five years on speculation European Central Bank President Jean-Claude Trichet will today signal interest rates need to go higher.
Policy makers will hold benchmark interest rates steady at 3.75 percent when they meet today, according to all 37 economists surveyed by Bloomberg. Benchmark debt has fallen this week as traders add to bets that the ECB will lift rates as much as half a percentage point more this year.
Read more at Bloomberg Bonds News
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