European Bonds Rally From Ireland to Greece Amid Growth Optimism
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European government bonds jumped, with yields from Ireland to Greece dropping to the lowest since at least 2010, as signs of the region’s economy is recovering helped spark a surge in demand for the securities.
Spain’s 10-year yields dropped to the lowest since 2009 and Italy’s slipped to the least since May as German reports showed unemployment dropped for the first time in five months in December and retail sales increased in November. Ireland’s 10-year rates declined to the lowest since 2006 as demand at a bond sale through banks boosted optimism the nation is making a successful return to the sovereign debt market after exiting a bailout last month.