German Bonds Rise Most in Six Weeks as EU Cuts Inflation Outlook
- European Commission cuts inflation forecast by more than half
- Portugal's bonds hold five-day gain on DBRS's rating decision
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Germany’s 10-year government bonds climbed the most in more than six weeks as the European Commission cut its inflation forecast for the euro region by more than half, bolstering speculation that the European Central Bank will increase stimulus.
Euro-region sovereign securities advanced as the Brussels-based commission also warned of slower-than-predicted growth across the 19-nation bloc. Inflation in the region will average 0.2 percent this year, the commission said Tuesday. That’s down from the 0.5 percent predicted in February.