(Bloomberg) -- European government bonds may drop
before a report that's expected to show German consumer
confidence rose, adding to expectations the European Central Bank
will keep raising interest rates.
Benchmark 10-year bund yields held near the highest in
almost five year last week after surveys showed euro-region
manufacturing grew at an unexpectedly rapid pace in June and
Belgian business confidence rose more than forecast. GfK AG's
confidence index for July probably climbed to 7.8 from 7.3 in
June, according to economists surveyed by Bloomberg News.
Read more at Bloomberg Bonds News
before a report that's expected to show German consumer
confidence rose, adding to expectations the European Central Bank
will keep raising interest rates.
Benchmark 10-year bund yields held near the highest in
almost five year last week after surveys showed euro-region
manufacturing grew at an unexpectedly rapid pace in June and
Belgian business confidence rose more than forecast. GfK AG's
confidence index for July probably climbed to 7.8 from 7.3 in
June, according to economists surveyed by Bloomberg News.
Read more at Bloomberg Bonds News
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