(Bloomberg) -- European bonds declined as waning
concern about defaults on U.S. subprime mortgages prompted
investors to seek higher yields on riskier assets such as stocks
and emerging market debt.
Benchmark 10-year debt fell, pushing yields up from a week
low, as shares in Asia recovered following a Chinese report that
showed the economy grew at the fastest pace in 12 years. Stock
index futures in Europe were higher and the risk of owning
corporate bonds fell for the first day in three.
Read more at Bloomberg Bonds News
concern about defaults on U.S. subprime mortgages prompted
investors to seek higher yields on riskier assets such as stocks
and emerging market debt.
Benchmark 10-year debt fell, pushing yields up from a week
low, as shares in Asia recovered following a Chinese report that
showed the economy grew at the fastest pace in 12 years. Stock
index futures in Europe were higher and the risk of owning
corporate bonds fell for the first day in three.
Read more at Bloomberg Bonds News
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