European Government Bond Yields Hold Near Highest in Five Years on Growth

(Bloomberg) -- European bond yields held near their highest since June 2002 on signs the euro region economy will gather momentum, giving the European Central Bank more scope to raise borrowing costs.

Two-year note yields, which move inversely to prices, held near the highest in almost five years this week amid signs the $10.4 trillion euro region economy keeps growing supporting the prospect for higher interest rates. The European Commission said yesterday prospects for the euro region's economy this year are ``more favorable'' than they have been for many years.


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