Germany’s 10-year government bonds declined for a second week, pushing yields up by the most since June, as signs the global economy is improving damped demand for the euro region’s safest fixed-income assets.
The dollar rallied against the majority of its 16 most-traded peers as economic data exceeding forecasts spurred speculation that the Federal Reserve will trim the pace of its bond purchases as early as September.
Spanish bonds led gains in European government securities before euro-area services and manufacturing data next week that economists said will add to evidence the region’s recovery is gaining momentum.
Ryanair Holdings Plc has initiated defamation proceedings against Channel 4/Blakeway Productions and others in the wake of a television documentary that questioned its stance on safety, the carrier’s lawyer said.
Euro-area exports increased for the first time in three months, led by a rebound in Germany, while inflation held steady at 1.6 percent as the economy gathers strength after the longest recession since the debut of the single currency.