Saturday, June 16, 2007

European Bonds Post Sixth Weekly Decline Amid Prospects for Higher Rates

(Bloomberg) -- European government bonds continued
their longest run of losses since January last week after central
bank officials said interest rates may need to rise to curb
accelerating growth in the $10.4 trillion economy.

Benchmark 10-year bonds fell for a sixth week as yields rose
to the highest since August 2002. European Central Bank policy
maker Axel Weber said June 14 that interest-rate policy is
``still far from being restrictive'' on economic growth.


Read more at Bloomberg Bonds News

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