(Bloomberg) -- European government bonds fell for a second day after a report showed consumer confidence rose more than expected in Germany, underpinning the likelihood of higher interest rates in the euro region.
Benchmark debt slid yesterday after the Ifo institute said its gauge of German business sentiment climbed to the second- highest level on record in April. GfK AG said its confidence index for Germany, Europe's largest economy, rose to 5.5 from 4.4 in April. Economists surveyed by Bloomberg News had expected a reading of 4.7.
Read more at Bloomberg Bonds News
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