Euro Bonds Surge 7th Month as ECB Boosts Italy to Germany
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Euro-area government bonds achieved their longest streak of winning months in nine years after data from retail sales to consumer prices signaled European Central Bank efforts to revive the economy are not yet finished.
Securities from Europe’s most-indebted nations to its highest-rated completed a gain in July as the region’s struggling economy spurred investor bets the ECB will add more stimulus. Reports today showed inflation in the currency bloc slowed to about a quarter of policy makers’ target and unemployment remained rooted near an all-time high. The data bolstered speculation that measures will be put in place which boost government bonds.