Thursday, May 24, 2007

European Government Notes Set for Third Weekly Drop Before Sentiment Index

(Bloomberg) -- European two-year government notes are
headed for a third weekly decline before a report that's expected
to show German consumer confidence rose in June.

Benchmark two-year yields held near the highest in five
years after a report yesterday showed business sentiment in
Europe's biggest economy stayed near a record in May. Futures
trading shows investors are raising bets the European Central
Bank raising rates at least twice more this year.


Read more at Bloomberg Bonds News

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