(Bloomberg) -- European two-year notes dropped this
week as signs of expansion in the 13-nation euro region further
underpinned the case for higher interest rates.
Two-year yields held near a six-year high as investors added
to bets the European Central Bank will lift its key rate from 3.75
percent. Reports today showed European manufacturing expanded last
month and sales at retailers in Germany, the region's largest
economy, rose more than economists expected in April.
Read more at Bloomberg Bonds News
week as signs of expansion in the 13-nation euro region further
underpinned the case for higher interest rates.
Two-year yields held near a six-year high as investors added
to bets the European Central Bank will lift its key rate from 3.75
percent. Reports today showed European manufacturing expanded last
month and sales at retailers in Germany, the region's largest
economy, rose more than economists expected in April.
Read more at Bloomberg Bonds News
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