Thursday, April 19, 2007

European Government Bonds Head for Weekly Gain; Traders Shun Risky Assets

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

Benchmark 10-year bunds have risen this week as yields near their highest in 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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