Friday, June 15, 2007

European Bonds Fall For Sixth Week as ECB Signals Higher Interest Rates

(Bloomberg) -- European government bonds fell for a
sixth week after central bank officials said interest rates may
need to rise to curb accelerating growth in the $10.4 trillion
economy.

Benchmark 10-year bonds posted their longest run of weekly
losses since January as yields rose to the highest since August
2002. European Central Bank policy maker Axel Weber said late
yesterday that interest-rate policy is ``still far from being
restrictive'' on economic growth.


Read more at Bloomberg Bonds News

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