European Bond Yields Trade Near Five-Year High Before Manufacturing Report

(Bloomberg) -- European 10-year bond yields traded
near the highest in five years before a report that's forecast
to show German industrial production rebounded in May.

Government debt may extend losses that pushed the benchmark
yields up the most last week in a month on prospects faster
economic growth will prompt the European Central Bank to keep
raising interest rates. ECB President Jean-Claude Trichet on
July 5 signaled borrowing costs will rise further.


Read more at Bloomberg Bonds News