Bonds in Europe didin't change much
Bonds in Europe didin't change much yesterday amid speculation that safe assets like bonds may come into demand if economic recovery stalls. Elwin de Groot, a senior market economist at Rabobank Groep in Utrecht, the Netherlands, said: "The market is pretty sanguine about inflation and not too concerned about the central bank stepping on the brakes, and that’s creating a positive environment for bonds. We haven’t seen a major impact from supply. At this point, the demand is still strong.”
The yield on the bund, Europe’s benchmark government security, climbed 1 basis point to 3.29 percent.
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