(Bloomberg) -- European government bonds rose after
central bank President Jean-Claude Trichet failed to suggest
interest rates would need to rise beyond this year to rein in
inflation.
Yields on benchmark 10-year bunds, more sensitive to the
inflation outlook, fell from a three-year high after he said the
European Central Bank kept its inflation forecast for 2008
unchanged. Trichet left the door open for more interest-rate
increases this year after the ECB lifted its refinancing rate a
quarter-point to 4 percent.
Read more at Bloomberg Bonds News
central bank President Jean-Claude Trichet failed to suggest
interest rates would need to rise beyond this year to rein in
inflation.
Yields on benchmark 10-year bunds, more sensitive to the
inflation outlook, fell from a three-year high after he said the
European Central Bank kept its inflation forecast for 2008
unchanged. Trichet left the door open for more interest-rate
increases this year after the ECB lifted its refinancing rate a
quarter-point to 4 percent.
Read more at Bloomberg Bonds News
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