(Bloomberg) -- Central European government bonds fell,
sending yields soaring, on speculation rising global interest
rates will make emerging market assets relatively less attractive
to investors.
New Zealand unexpectedly raised interest rates yesterday, and
the day before the European Central Bank raised its benchmark to a
six-year high. Futures trading in the U.K. shows traders expect
rates to rise at least once more this year after the Bank of
England yesterday kept them on hold. In the U.S, Fed Bank of
Richmond President said growth in the world's largest economy will
rebound, reducing the chances of a rate cut.
Read more at Bloomberg Bonds News
sending yields soaring, on speculation rising global interest
rates will make emerging market assets relatively less attractive
to investors.
New Zealand unexpectedly raised interest rates yesterday, and
the day before the European Central Bank raised its benchmark to a
six-year high. Futures trading in the U.K. shows traders expect
rates to rise at least once more this year after the Bank of
England yesterday kept them on hold. In the U.S, Fed Bank of
Richmond President said growth in the world's largest economy will
rebound, reducing the chances of a rate cut.
Read more at Bloomberg Bonds News
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