Tuesday, May 15, 2007

European Two-Year Bond Yields Trade Near Five-Year High After German GDP

(Bloomberg) -- European two-year government bond yields traded near the highest in almost five years after a report showed Germany's economy expanded faster than expected in the first quarter.

The extra yield investors earn on 10-year U.S. Treasuries over similar maturity German bunds today shrank to the least since 2004 before reports today that are expected to show Europe grew at a faster pace than the U.S. in the first quarter.


Read more at Bloomberg Bonds News

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