(Bloomberg) -- European government bonds logged a fourth week of losses as traders added to bets on the European Central Bank lifting interest rates as much as half a percentage point this year.
The spread between Europe's 10-year bond yields and U.S. debt narrowed to the least in more than two years on speculation the ECB will be raising rates as the Federal Reserve stays on hold or cuts. Two-year note yields rose to the highest in almost five years after ECB President Jean-Claude Trichet said yesterday current borrowing costs were fuelling growth.
Read more at Bloomberg Bonds News
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