(Bloomberg) -- European government bonds dropped in the week separate reports showed business and consumer confidence in Germany advanced, supporting the likelihood of higher interest rates in the euro region.
Benchmark debt slid after the Ifo institute said April 25 its gauge of German business sentiment climbed to the second- highest level on record in April. Two-year bund yields posted their biggest daily gain in two weeks after GfK AG said its confidence index for Germany, Europe's largest economy, rose to 5.5 from 4.4 in April.
Read more at Bloomberg Bonds News
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