Highest Yields in Decades Lure Buyers to Europe’s Long Bonds

Europe’s long maturity bonds have rebounded after a whipsaw week saw a selloff turn into a buying spree as investors grabbed some of the loftiest yields in decades.

The market’s big focus was on the UK and France, where 30-year debt has staged a three-day turnaround to put yields on course to the end the week several basis points lower. That followed worries about political and fiscal risks driving Britain’s borrowing costs to a 1998-high at 5.75% and French rates to the most since 2011.