Monday, April 30, 2007

European Government Bonds Gain; Stocks Drop Spurs Demand for Safer Assets

(Bloomberg) -- European 10-year government bonds advanced after a drop in Asian equity markets on global growth concerns stoked demand for fixed-income securities.

Benchmark 10-year bund yields fell from near the highest since August 2005. Stocks in Asia fell after China curbed bank lending and as data showed the U.S. economy grew less than expected. A report today showed sales at retailers in Germany unexpectedly fell in March.


Read more at Bloomberg Bonds News

No comments: