While you were sleeping: German bunds rock

Wed, 04 Jul 2012

By Margreet Dietz July 5 (BusinessDesk) - Investors were reluctant to commit fresh funds to equities before the European Central Bank announces a decision on interest rates tomorrow. However, appetite for German bunds was strong. Most economists forecast the euro zone's central bank will ease its key rate, already at a record low 1 percent. ECB officials will also cut the deposit rate to zero, according to a Bloomberg News survey of 22 forecasters. Twelve said the 0.25 percent deposit rate will be cut to zero, two predicted a reduction to j...

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