European Government Notes Head for Third Weekly Drop as Confidence Climbs

(Bloomberg) -- European two-year government notes are
headed for a third weekly decline after a report showed German
consumer confidence rose more than expected in June.

Benchmark two-year yields held near the highest in five
years after a report yesterday showed business sentiment in
Europe's biggest economy stayed near a record in May. Futures
trading shows investors are raising bets the European Central
Bank raising rates at least twice more this year.


Read more at Bloomberg Bonds News