Spain’s government bonds advanced for the first time in three days as yields that climbed to the highest level in five weeks attracted buyers amid speculation that central banks will keep interest rates low.
The pound rose for the first time in three days against the dollar as a U.S. jobs report spurred debate among investors as to when the Federal Reserve will withdraw stimulus that has weakened the U.S. currency.
Ireland’s Finance Minister Michael Noonan said he hopes Moody’s Investors Service will raise the nation’s credit rating from non-investment grade as the country exits its bailout program and plans debt sales.
South Africa’s rand headed for its worst weekly decline in five, fueled by the longest stretch of bond outflows on record, as continued signs of growth in the U.S. boosted speculation the Federal Reserve will curb stimulus.
Germany’s government bonds headed for a weekly loss, with 10-year yields rising the most since August, before a report analysts said will show factory orders in Europe’s largest economy declined in October.