(Bloomberg) -- European government bonds dropped this
week, extending the worst quarterly slump in almost eight years,
after European Central Bank President Jean-Claude Trichet
signaled policy makers may raise interest rates further by year-
end.
Benchmark debt dropped, sending 10-year bund yields to near
a five-year high, as Trichet said inflation in the euro region
needs ``careful monitoring'' after the ECB kept its key rate at 4
percent. Bunds also fell yesterday after a report showed
manufacturing orders in Germany rose more than expected in May.
Read more at Bloomberg Bonds News
week, extending the worst quarterly slump in almost eight years,
after European Central Bank President Jean-Claude Trichet
signaled policy makers may raise interest rates further by year-
end.
Benchmark debt dropped, sending 10-year bund yields to near
a five-year high, as Trichet said inflation in the euro region
needs ``careful monitoring'' after the ECB kept its key rate at 4
percent. Bunds also fell yesterday after a report showed
manufacturing orders in Germany rose more than expected in May.
Read more at Bloomberg Bonds News
No comments:
Post a Comment