(Bloomberg) -- European government bonds logged
their steepest quarterly decline in almost eight years, as
quickening economic growth and inflation increased the likelihood
the European Central Bank will increase interest rates further.
German bunds, Europe's benchmark, fell for a fourth month in
June, as the ECB raised its lending rate to the highest since
2001 and indicated further increases are needed to curb
inflation. ECB President Jean-Claude Trichet has said borrowing
costs remain low enough to stimulate expansion in the $10.4
trillion economy.
Read more at Bloomberg Bonds News
their steepest quarterly decline in almost eight years, as
quickening economic growth and inflation increased the likelihood
the European Central Bank will increase interest rates further.
German bunds, Europe's benchmark, fell for a fourth month in
June, as the ECB raised its lending rate to the highest since
2001 and indicated further increases are needed to curb
inflation. ECB President Jean-Claude Trichet has said borrowing
costs remain low enough to stimulate expansion in the $10.4
trillion economy.
Read more at Bloomberg Bonds News
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