Monday, July 2, 2007

Europe Government Bonds Rise, Pushing Yields to Three-Week Low, on Terror

(Bloomberg) -- European bonds rose, pushing 10-year
yields to a three-week low, as investors sought the safety of
government debt after an attack on Glasgow International Airport
and two attempted car bombings in London.

Benchmark two-year yields also fell the most in almost two
weeks after U.K. police found cars with explosive materials on
June 29 and two men crashed a Jeep into the terminal entrance of
Glasgow airport the next day. Bonds were also underpinned by
redemptions and coupon payments by the Italian and German
governments due this week, which investors tend to reinvest.


Read more at Bloomberg Bonds News

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