LONDON, April 26 German Bund futures rallied to
a session high and Spanish and Italian bond yields rose on
Thursday after a below-forecast euro zone sentiment index
stirred growth worries and boosted safe-haven demand.
European Commission data showed Euro zone economic sentiment
fell more than expected in April, driven by more pessimistic
industry and services sectors.
The German Bund future rose to 140.87, up 67 ticks
on the day. Spanish 10-year bond yields reversed
an earlier fall to hit a session high of 5.89 percent, up 7 bps
on the day, while the Italian equivalent rose 3.4
bps to 5.69 percent.
"Weak data releases have caused this ...growth is the key
story," Lloyds rate strategist Achilleas Georgolopoulos said.