Friday, 15 June 2007

Higher yields not bad for stability-ECB's Papademos

(Reuters) - Releasing the ECB's latest financial stability report,
Papademos said he did not think higher inflation expectations
played a major role in higher long-term bond yields.




Investors' concerns that central banks around the world will
keep rates higher for longer than previously thought have
sparked a rout on bond markets in recent weeks. U.S. 10-year
Treasury yields have gained more than half a
percentage point since the beginning of May, hitting a near
five-year peak of 5.25 percent last week.


Read more at Reuters.com Bonds News

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