Tuesday, June 19, 2007

European Government Bonds Little Changed Before German Confidence Report

(Bloomberg) -- European government bonds were little
changed before a report that's expected to show investor
confidence in Germany, the region's largest economy, soared to
the highest in a year.

Ten-year yields held near the strongest since August 2002
yesterday as European Central Bank official Jose Manuel Gonzalez-
Paramo said monetary policy was still accommodative. Bonds may
extend losses before a June 22 report that's likely to show
German business sentiment stayed near a record high this month.


Read more at Bloomberg Bonds News

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