European Bonds Advance as Yields Near Five-Year High Attract Investors

(Bloomberg) -- European government bonds advanced
for a second day as 10-year yields near the highest in five years
attracted investors.

Benchmark debt was also buoyed by a report today showing
German producer-price inflation held near the lowest in almost
three years in May. Ten-year bunds had their biggest gain in
almost two months yesterday after a report showed investor
confidence in Europe's biggest economy unexpectedly fell.


Read more at Bloomberg Bonds News