(Bloomberg) -- European government bonds headed for
a sixth weekly drop after central bank officials said interest
rates may need to rise to curb accelerating growth in the $10.4
trillion economy.
The bonds are poised for the longest run of weekly losses
since January, pushing yields on benchmark 10-year debt to the
highest since August 2002. European Central Bank policy maker
Axel Weber said late yesterday that interest-rate policy is
``still far from being restrictive'' on economic growth.
Read more at Bloomberg Bonds News
a sixth weekly drop after central bank officials said interest
rates may need to rise to curb accelerating growth in the $10.4
trillion economy.
The bonds are poised for the longest run of weekly losses
since January, pushing yields on benchmark 10-year debt to the
highest since August 2002. European Central Bank policy maker
Axel Weber said late yesterday that interest-rate policy is
``still far from being restrictive'' on economic growth.
Read more at Bloomberg Bonds News
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