Saturday, April 21, 2007

European Bonds Gain as Investors Seek Safety Amid Decline in Stock Markets

(Bloomberg) -- European government bonds posted a weekly advance, snapping a four-week losing streak, as a decline in equity markets this week stoked demand for the safety of fixed income securities.

Benchmark 10-year bunds have risen this week as yields near their highest in more than 2 1/2 years lured investors exiting riskier assets. Debt also gained as the euro strengthened against the dollar for a fourth straight week stoking concern about growth in the $10.4 trillion euro-region economy.


Read more at Bloomberg Bonds News

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