European Bonds Fluctuate as Investor Focus Turns to Fed Minutes
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European government bonds swung between gains and losses as investors waited for the release later Wednesday of minutes from the Federal Reserve’s most recent meeting for clues to the timing of a interest-rate increase.
Higher-yielding euro-area sovereign securities rose earlier as the German parliament voted in favor of an aid package of as much as 86 billion euros ($95 billion) for Greece, stemming fears of the nation’s exit from the euro. Minutes from the Federal Open Market Committee’s July gathering are set for release at 2 p.m. New York time.