(Bloomberg) -- European bonds may drop for the first
day this week on speculation their rally wasn't justified by the
outlook for higher interest rates and as stock markets rebounded.
Benchmark debt rose, sending 10-year yields to the lowest in
a week, after Standard & Poor's said it may cut credit ratings on
$12 billion of bonds backed by subprime mortgages, and Moody's
later lowered ratings on $5.2 billion of similar debt. U.S.
equities rebounded yesterday and Asian stocks markets rallied
today, eroding investor demand for the safest assets.
Read more at Bloomberg Bonds News
day this week on speculation their rally wasn't justified by the
outlook for higher interest rates and as stock markets rebounded.
Benchmark debt rose, sending 10-year yields to the lowest in
a week, after Standard & Poor's said it may cut credit ratings on
$12 billion of bonds backed by subprime mortgages, and Moody's
later lowered ratings on $5.2 billion of similar debt. U.S.
equities rebounded yesterday and Asian stocks markets rallied
today, eroding investor demand for the safest assets.
Read more at Bloomberg Bonds News
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