(Bloomberg) -- European government bonds slid by the
most in more than a year on concern quickening global expansion
will prompt central banks to increase interest rates.
The slump sent 10-year yields to the highest since July 2002
as traders raised bets the European Central Bank will lift rates
twice more in 2007 and as ECB official Erkki Liikanen said the
outlook for growth in the region will stay positive. Bunds
followed Treasuries lower after former Federal Reserve Chairman
Alan Greenspan forecast rising yields and greater premiums on
emerging-market debt.
Read more at Bloomberg Bonds News
most in more than a year on concern quickening global expansion
will prompt central banks to increase interest rates.
The slump sent 10-year yields to the highest since July 2002
as traders raised bets the European Central Bank will lift rates
twice more in 2007 and as ECB official Erkki Liikanen said the
outlook for growth in the region will stay positive. Bunds
followed Treasuries lower after former Federal Reserve Chairman
Alan Greenspan forecast rising yields and greater premiums on
emerging-market debt.
Read more at Bloomberg Bonds News
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