Monday, 02 July 2007

European Bonds Gain as Investors Seek Safe Haven After U.K. Terror Attacks

(Bloomberg) -- European bonds advanced, pushing 10-
year yields to the lowest in more than three weeks, as investors
sought the safety of government debt after terrorists targeted
central London and Glasgow.

Benchmark two-year yields fell the most in more than a week
after London police found two cars packed with explosive
materials on June 29 and suspected terrorists crashed a Jeep into
the terminal entrance of Glasgow International Airport the next
day. Five people have been arrested and the Home Office raised
its threat assessment to ``critical,'' the highest level, meaning
further attacks are expected imminently.


Read more at Bloomberg Bonds News

No comments: