Wednesday, April 18, 2007

European Government Bonds Gain as Report Shows German Producer Prices Slow

(Bloomberg) -- European government bonds rose for a fourth day after a report showed German producer-price inflation slowed more than expected in March, damping anticipation of higher interest rates in Europe.

Benchmark bunds advanced yesterday as 10-year yields near their highest in more than 2 1/2 years lured investors from equity markets. Prices of goods from plastics to newsprint gained 2.5 percent in the year after rising 2.8 percent in February, less than the 2.7 percent rise expected in a Bloomberg News survey of economists.


Read more at Bloomberg Bonds News

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