(Bloomberg) -- European bonds gained for a second
day on speculation interest and redemption payments to investors
this week will be reinvested in government debt.
Bunds advanced for the fifth day in six before Austria,
Italy, the Netherlands, Portugal and Greece this week pay out
about 23 billion euros ($31.7 billion) in interest, according to
ING Bank NV. That compares with around 7 billion euros of new
bonds being auctioned. Government bonds gained last week as
investors exited riskier assets.
Read more at Bloomberg Bonds News
day on speculation interest and redemption payments to investors
this week will be reinvested in government debt.
Bunds advanced for the fifth day in six before Austria,
Italy, the Netherlands, Portugal and Greece this week pay out
about 23 billion euros ($31.7 billion) in interest, according to
ING Bank NV. That compares with around 7 billion euros of new
bonds being auctioned. Government bonds gained last week as
investors exited riskier assets.
Read more at Bloomberg Bonds News
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