Monday, July 2, 2007

European Government Bonds Gain for Second Day as Investors Buy Safe Assets

(Bloomberg) -- European bonds advanced for a second
day as demand for fixed-income securities was stoked after a
terrorist attack on Glasgow's airport and two attempted car
bombings in London.

Gains in debt pushed 10-year yields to the lowest in more
than three weeks and two-year yields fell the most in nine days
yesterday after police found two cars packed with explosives in
London and suspected terrorists crashed a Jeep into Glasgow
airport's terminal. Coupon payments due in Germany tomorrow,
which are usually reinvested, are also buoying European bonds.


Read more at Bloomberg Bonds News

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