European Bonds May Slide Before EU Manufacturing, German Jobless Reports

(Bloomberg) -- European bonds may fall before reports that are forecast to show that manufacturing growth in the euro region probably picked up and unemployment in Germany held near the lowest in almost five years.

Bonds rose earlier 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 and that yields already reflect the outlook for interest-rate increases. Economic reports today may reinforce investors' views the European Central Bank may raise borrowing costs twice more this year.


Read more at Bloomberg Bonds News