(Bloomberg) -- European government bonds dropped after a report showed confidence among investors in Germany, the region's biggest economy, rose to a 10-month high in April, adding to expectations for higher interest rates in Europe.
Benchmark debt fell for a fourth week after the European Central Bank reinforced speculation it may lift borrowing costs by half a percentage point this year. The ZEW Center for European Economic Research said its gauge of investor expectations surged to 16.5 from 5.8 in March. Economists had expected a gain to 10, according to a Bloomberg News survey.
Read more at Bloomberg Bonds News
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