European Bonds Extend Losses as Central Banks Prepare to Raise Rates

(Bloomberg) -- European government bonds fell on
speculation that global interest rates are set to rise further.

The yield on the benchmark two-year note touched the highest
in more than six years yesterday as traders increased bets the
European Central Bank would lift rates twice more this year.
Yields on 10-year Treasury notes climbed to the highest in five
years yesterday as former Federal Reserve Chairman Alan Greenspan
predicted an increase in benchmark yields and greater premiums on
emerging-market debt.


Read more at Bloomberg Bonds News