Tuesday, April 24, 2007

European Bonds Gain for Second Day; 10-Year Yield Falls to 4.15 Percent

(Bloomberg) -- European 10-year government bonds advanced for a second day in London.

The yield on the benchmark 10-year German bund fell 3 basis points to 4.15 by 8:16 a.m. in London, near its lowest in a week. The price of the 3.75 percent bond due January 2017 rose 0.19, or 1.9 euros per 1,000 euro ($1,358) face amount, to 96.85. Bond yields move inversely to prices.


Read more at Bloomberg Bonds News

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