Monday, June 11, 2007

European Government Bonds Gain; Yields at 4 1/2-Year High Lure Investors

(Bloomberg) -- European government bonds advanced,
snapping the steepest two-day slide since March 2006, as yields
near the highest in 4 1/2 years attracted investors to fixed
income debt.

Benchmark bunds slid by the most since April last week, with
10-year yields, which reflect investors' perceptions of future
inflation, touching the highest since October 2002. European
Central Bank official Nout Wellink said the ECB hasn't finished
raising interest rates, Market News International reported citing
an interview.


Read more at Bloomberg Bonds News

No comments: