Tuesday, July 3, 2007

European Bonds Trade Near Three-Week High Before German Coupon Payments

(Bloomberg) -- European bonds traded near the
highest in three weeks on speculation coupon payments to holders
of German debt due tomorrow will be reinvested in fixed-income
securities.

Yields on 10-year bunds, the benchmark for Europe, were
little changed today. Germany, Italy and Finland are scheduled
to pay 13 billion euros ($18 billion) of interest coupons this
week, according to Bloomberg data. The majority of the payments
are due tomorrow from Germany, the region's largest economy.


Read more at Bloomberg Bonds News

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