(Bloomberg) -- European government bonds advanced,
snapping the steepest two-day slide since March 2006, as yields
near the highest in 4 1/2 years attracted investors to fixed-
income debt.
Benchmark bunds slid by the most since April last week, with
10-year yields, which reflect investors' predictions for
inflation, touching the highest since October 2002. Bonds pared
some of their advance today after European Central Bank President
Jean-Claude Trichet reiterated that interest rates are still low
enough to support economic growth, suggesting he sees room for
further increases.
Read more at Bloomberg Bonds News
snapping the steepest two-day slide since March 2006, as yields
near the highest in 4 1/2 years attracted investors to fixed-
income debt.
Benchmark bunds slid by the most since April last week, with
10-year yields, which reflect investors' predictions for
inflation, touching the highest since October 2002. Bonds pared
some of their advance today after European Central Bank President
Jean-Claude Trichet reiterated that interest rates are still low
enough to support economic growth, suggesting he sees room for
further increases.
Read more at Bloomberg Bonds News
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