(Bloomberg) -- European bonds dropped for the first
day this week on speculation their rally wasn't justified by the
outlook for higher interest rates and as stock markets rebounded.
Benchmark 10-year bund yields rose from the lowest in a week
after U.S. equities rose and Asian stocks markets rallied today
as concern waned that U.S. subprime-mortgage delinquencies would
spread to the wider economy. European Central Bank President
Jean-Claude Trichet yesterday said the region's inflation outlook
``remains subject to upside risks.''
Read more at Bloomberg Bonds News
day this week on speculation their rally wasn't justified by the
outlook for higher interest rates and as stock markets rebounded.
Benchmark 10-year bund yields rose from the lowest in a week
after U.S. equities rose and Asian stocks markets rallied today
as concern waned that U.S. subprime-mortgage delinquencies would
spread to the wider economy. European Central Bank President
Jean-Claude Trichet yesterday said the region's inflation outlook
``remains subject to upside risks.''
Read more at Bloomberg Bonds News
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