(Bloomberg) -- European government bonds may extend
gains as concern more banks will have to write down the value of
securities with U.S. subprime mortgages stokes investor demand
for the world's safest assets.
Gains in debt may send yields on 10-year bunds, Europe's
benchmark, down for a third day from the highest in almost five
years, helped by a worldwide rally in bond markets after Bear
Stearns Cos. offered $3.2 billion to bail out a hedge fund it
managed. Still, advances may be capped as a report today may show
Italian business confidence rose, underpinning expectations of
higher interest rates in the euro region.
Read more at Bloomberg Bonds News
gains as concern more banks will have to write down the value of
securities with U.S. subprime mortgages stokes investor demand
for the world's safest assets.
Gains in debt may send yields on 10-year bunds, Europe's
benchmark, down for a third day from the highest in almost five
years, helped by a worldwide rally in bond markets after Bear
Stearns Cos. offered $3.2 billion to bail out a hedge fund it
managed. Still, advances may be capped as a report today may show
Italian business confidence rose, underpinning expectations of
higher interest rates in the euro region.
Read more at Bloomberg Bonds News
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