European Government Bonds Extend Slide; 10-Year Yields at 4 1/2 Year High

(Bloomberg) -- European bonds slid, pushing 10-year
yields to the highest in more than 4 1/2 years, on speculation
central banks around the world will raise interest rates more
than anticipated to check quickening global growth and inflation.

Bunds fell with debt markets in the U.S. and Asia, sending
10-year benchmark yields, which reflect investors' perception of
future inflation, to the highest since October 2002. Traders
added to wagers on how far the European Central Bank will lift
its key rate this year after New Zealand and South Africa lifted
borrowing costs yesterday, triggering a global debt sell-off.


Read more at Bloomberg Bonds News