European Government Bonds Rise for Third Day as Euro Gains, Stocks Decline

(Bloomberg) -- European government bonds advanced for a third day, their longest winning run in five weeks, as yields near their highest in almost four years attract investors exiting equity markets.

Benchmark two-year yields slipped from their highest since June 2002 as the euro's advance above $1.36 versus the dollar for the first time in more than two years stoked concern about growth in the $10.4 trillion economy. European stock markets also fell for the first time in four days on speculation a stronger euro will cause earnings at exporters to drop.


Read more at Bloomberg Bonds News