European bonds advance before greece, ireland sell debt toda
Bareksa • 10 Apr 2014
Guests of the presentation of the new 10 euro banknote throw a shadow on a video projection (REUTERS/Ralph Orlowski)
Greece’s sale is a sign of how much investor optimism has returned
Bloomberg - European government bonds advanced as Greece returns to debt markets for the first time since 2010 with a 2.5 billion-euro ($3.46 billion) sale of five-year notes via banks today.
Italian bonds climbed for a second day, while Greek 10-year yields were near the lowest level since February 2010. Ireland, which emerged from its bailout program in December, plans to auction 1 billion euros of 10-year debt today. European bonds also rallied, led by Belgian and French securities, after Federal Reserve minutes yesterday cooled speculation U.S. policy makers are moving toward raising interest rates, underpinning demand for fixed-income assets.