European Bond Yields Hold Near Highest in 4 1/2 Years on Rate Expectations

(Bloomberg) -- European 10-year bond yields held near
the highest in more than 4 1/2 years, on speculation accelerating
inflation and economic growth will lead global central banks to
boost interest rates.

Bunds posted the biggest weekly drop since April, with 10-
year benchmark yields, which reflect investors' perception of
future inflation, touching the highest since October 2002. Bunds
slid with debt markets in the U.S. and Asia as traders added to
wagers that the European Central Bank will lift interest rates.


Read more at Bloomberg Bonds News