(Bloomberg) -- European government bonds fell for a
second day before a report that's expected to show business
optimism in the region's largest economy is buoyant, underpinning
the case for the European Central Bank to keep raising interest
rates.
The drop in debt pushed 10-year yields to near a five-year
high yesterday as investors reassessed the outlook for global
borrowing costs. An index tomorrow is likely to show German
business confidence held near the highest on record this month.
Futures show traders are adding to bets the ECB will raise rates
twice more this year.
Read more at Bloomberg Bonds News
second day before a report that's expected to show business
optimism in the region's largest economy is buoyant, underpinning
the case for the European Central Bank to keep raising interest
rates.
The drop in debt pushed 10-year yields to near a five-year
high yesterday as investors reassessed the outlook for global
borrowing costs. An index tomorrow is likely to show German
business confidence held near the highest on record this month.
Futures show traders are adding to bets the ECB will raise rates
twice more this year.
Read more at Bloomberg Bonds News
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