(Bloomberg) -- European government bonds dropped on speculation the European Central Bank will signal its intention tomorrow to raise interest rates in June.
Two-year yields have climbed about 30 basis points since the ECB lifted borrowing costs in March as traders bet rates will rise twice more to 4.25 percent this year. All 45 economists surveyed by Bloomberg News predict ECB policy makers led by President Jean-Claude Trichet will hold rates at 3.75 percent tomorrow and flag a rate increase for next month.
Read more at Bloomberg Bonds News
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