Bonds fall on lower euro debt, firm U.S. services data

(Reuters) - Euro zone debt fell on Thursday before an interest rate decision by the European Central Bank which left rates on hold at 4 percent, as expected. In Britain, the Bank of England raised rates by 25 basis points to a six-year high of 5.75 percent, and most analysts expect another rate increase in 2007.




U.S. Treasuries extended their losses after the Institute for Supply Management's services index for June came in above forecasts, suggesting to investors that the economy may be growing at a faster pace than originally expected.


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