Spanish and Italian bonds rose a second day as a report showed investor confidence in the euro region held near an 18-month high amid speculation policy makers will keep interest rates low to boost economic recovery.
Fund managers and electronic traders for the first time account for more than half the $5.3 trillion- a-day currency market as regulators investigate at least 11 dealers for alleged collusion on benchmark rates.
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.
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.
Portugal plans to sell bonds early next year as investors from Scandinavia and the euro area return to its market following the financial crisis, according to Joao Moreira Rato, head of the nation’s debt agency.