Euro Bonds Fall as Investors Question Punch of More ECB Stimulus
- Officials have pledged measures to boost consumer-price growth
- 10-year bunds in third monthly advance as more ECB buying seen
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Euro-zone government bonds interrupted this month’s rally as investors questioned whether European Central Bank policy makers will boost stimulus enough to push yields lower.
Securities from Germany to Portugal gave up some of their gains, after weeks of speculation of increased easing by the ECB had pushed many of the yields on the region’s two-year notes to record lows in November. Economists surveyed by Bloomberg unanimously predicted officials will increase stimulus again this week, less than halfway through the ECB’s quantitative-easing program, and most foresee multiple measures.