European Government Notes Drop for Third Week as Consumer Confidence Rises

(Bloomberg) -- European two-year government notes
logged a third weekly drop after a report added to evidence of
optimism among consumers in Europe's largest economy.

Benchmark two-year yields held near the highest in five
years after a report showed German consumer confidence rose to a
five-month high in June as households raised their income
expectations due to an improved economic outlook. Futures
trading shows investors are adding to bets the European Central
Bank will increase interest rates at least twice more this year.


Read more at Bloomberg Bonds News