Wednesday, May 23, 2007

European Government Debt May Fall Before German Business Confidence Report

(Bloomberg) -- European bonds may fall before the
release of a report today expected to show German business
confidence increased to a record in May.

Benchmark debt slid yesterday, sending two-year note yields
to the highest in five years, after a government report showed
Italian retail sales rose more than expected in March. Bunds may
extend their declines before a Gfk AG report tomorrow likely to
show German consumer confidence also rose last month.


Read more at Bloomberg Bonds News

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