(Bloomberg) -- European bonds fell after a report showed unemployment in Germany dropped to the lowest in almost six years, reinforcing expectations the European Central Bank will raise interest rates twice more this year.
A separate report today will probably show manufacturing growth in the euro region picked up, according to a Bloomberg News survey of economists. Bonds have risen this week, with benchmark 10-year bund yields falling from their highest since August 2005, as technical charts suggested recent declines may have gone too far.
Read more at Bloomberg Bonds News
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