Economics
Italian Bonds Rise After Output Report; Slovenia Securities Gain
This article is for subscribers only.
Italy’s government bonds rose for a second day as a survey of purchasing managers showed euro-area manufacturing and services grew more in December than economists forecast, boosting demand for higher-yielding assets.
The nation’s securities also advanced after the country repaid more than 20 billion euros ($27.5 billion) to investors from a note maturing yesterday. German bunds were little changed as investors weighed the prospect of the Federal Reserve reducing asset purchases as soon as its meeting this week. Slovenian notes rose for a fifth day after after JPMorgan Chase & Co. recommended investors buy the securities.