(Bloomberg) -- European government bonds are poised for the biggest weekly drop in five weeks after reports showed European economies expanded faster than expected in the first quarter.
The gap in yields between 10-year European notes and U.S. Treasuries narrowed to the least in 2 1/2 years this week as economic growth in the euro region accelerates and U.S. expansion slows. European two-year yields are also trading near the highest in almost five years after the European Central Bank warned of inflationary risks and signaled higher interest rates.
Read more at Bloomberg Bonds News
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