(Bloomberg) -- European bonds fell, snapping the
steepest rally in two months yesterday, as gains in global stock
markets eroded demand for the safety of fixed-income assets.
Debt's decline sent 10-year yields up from near a three-week
low after the Nasdaq Composite Index of shares closed at a six-
year high. Equity indexes in Asia and Europe also rose as
speculation weakness in the U.S. subprime mortgage market will
curb global growth eased, and as concerns spurred by terrorist
plots in the U.K. last weekend waned.
Read more at Bloomberg Bonds News
steepest rally in two months yesterday, as gains in global stock
markets eroded demand for the safety of fixed-income assets.
Debt's decline sent 10-year yields up from near a three-week
low after the Nasdaq Composite Index of shares closed at a six-
year high. Equity indexes in Asia and Europe also rose as
speculation weakness in the U.S. subprime mortgage market will
curb global growth eased, and as concerns spurred by terrorist
plots in the U.K. last weekend waned.
Read more at Bloomberg Bonds News
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