Bonds hit three-week highs, US earnings eyed

Posted by 7Star Monday, January 18, 2010

Euro zone government bonds mostly rose on Friday, tracking gains in US Treasuries after a solid 30-year US debt auction helped soothe supply concerns, but Greek bonds remained under pressure. With the market sceptical about Greece's plan to slash its huge budget deficit, analysts said Greek bonds were unlikely to get any major reprieve in the near term.

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