Bonds in Europe rose after investors thought that last week's fall in bonds was not fair after European Central Bank warned of a bumpy road ahead. Luca Jellinek, a senior rates strategist in London at ANZ Banking Group Ltd., said: "Even though we’re getting strong exports in parts of Europe, there are still a lot of issues. The sell-off in the bund last week because the ECB said it’s not going to keep doing unlimited 12-month loans forever is not justified.”
The yield on the bund fell five basis points to 3.31%.
The yield on the bund fell five basis points to 3.31%.