(Bloomberg) -- European bonds snapped a three-day
advance after reports showed the region's economy expanded faster
than previously estimated and a recovery in stocks sapped demand
for the safety offered by government debt.
Bonds fell the most in a week as the European Central Bank
said interest rates are still low enough to support growth. ECB
President Jean-Claude Trichet yesterday said there are ``upside
risks'' on inflation. Bonds, which rose earlier in the week after
ratings companies downgraded debt backed by subprime mortgages in
the U.S., fell as U.S. stocks led a global recovery.
Read more at Bloomberg Bonds News
advance after reports showed the region's economy expanded faster
than previously estimated and a recovery in stocks sapped demand
for the safety offered by government debt.
Bonds fell the most in a week as the European Central Bank
said interest rates are still low enough to support growth. ECB
President Jean-Claude Trichet yesterday said there are ``upside
risks'' on inflation. Bonds, which rose earlier in the week after
ratings companies downgraded debt backed by subprime mortgages in
the U.S., fell as U.S. stocks led a global recovery.
Read more at Bloomberg Bonds News
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