Monday, April 23, 2007

European Bonds Gain, Snapping Two-Day Losing Run, as Yields Lure Investors

(Bloomberg) -- European government bonds gained, snapping a two-day losing streak, as 10-year yields near their highest in a week attracted investors to fixed-income assets.

Benchmark 10-year bunds rose last week as the euro's advance stoked concern about growth in the $10.4 trillion euro region, and as equity markets fell. Debt may also be buoyed as Nicholas Sarkozy, the governing party's nominee in France's presidential election, won 31.1 percent of the votes in the first-round ballot yesterday.


Read more at Bloomberg Bonds News

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