(Bloomberg) -- European government bonds declined,
pushing benchmark 10-year yields to the highest since 2003, on
speculation the European Central Bank will lift interest rates
tomorrow and signal further increases this year.
Yields on two-year notes, more sensitive to interest-rate
expectations, also reached a six-year high after a report today
showed expansion in European service industries picked up in May,
adding to the case for higher rates.
Read more at Bloomberg Bonds News
pushing benchmark 10-year yields to the highest since 2003, on
speculation the European Central Bank will lift interest rates
tomorrow and signal further increases this year.
Yields on two-year notes, more sensitive to interest-rate
expectations, also reached a six-year high after a report today
showed expansion in European service industries picked up in May,
adding to the case for higher rates.
Read more at Bloomberg Bonds News
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