(Bloomberg) -- European government bonds advanced
for a third day as concern more banks will have to write down the
value of securities with U.S. subprime mortgages stokes investor
demand for the world's safest assets.
Gains in debt pushed yields on 10-year bunds, Europe's
benchmark, down from near the highest in almost five years,
helped by a worldwide rally in bond markets after Bear Stearns
Cos. offered $3.2 billion to bail out a hedge fund it managed.
Still, advances may be capped as a report today may show Italian
business confidence rose, underpinning expectations of higher
interest rates in the euro region.
Read more at Bloomberg Bonds News
for a third day as concern more banks will have to write down the
value of securities with U.S. subprime mortgages stokes investor
demand for the world's safest assets.
Gains in debt pushed yields on 10-year bunds, Europe's
benchmark, down from near the highest in almost five years,
helped by a worldwide rally in bond markets after Bear Stearns
Cos. offered $3.2 billion to bail out a hedge fund it managed.
Still, advances may be capped as a report today may show Italian
business confidence rose, underpinning expectations of higher
interest rates in the euro region.
Read more at Bloomberg Bonds News
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