Friday, July 13, 2007

European Bonds Climb as Slide in U.S. Retail Sales Revives Growth Concerns

(Bloomberg) -- European government bonds rose after
a U.S. report showed retail sales fell more than expected last
month, raising concern an economic slowdown is worsening.

Bonds have climbed around the world this week after
Standard & Poor's and Moody's Investors Service warned about the
credit quality of U.S. subprime mortgages. German bunds pared
those gains earlier today following a rebound in stock markets.


Read more at Bloomberg Bonds News

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