May 10 (Bloomberg) -- Treasuries tumbled the most in nine months and bunds slid after European governments announced a loan package worth almost $1 trillion and the European Central Bank said it will buy bonds to halt the region's debt crisis. The decline sent German 10-year bund yields up by the most in at least a decade as Europe's efforts to keep Greece's fiscal woes from triggering a broader sovereign-debt collapse reduced demand for the relative safety of high-grade government securities. Stock markets rallied around the world and the cost of insuring against losses on European corporate bonds slid. T May 10 (Bloomberg) -- Treasuries tumbled the most in nine months and bunds slid after European governments announced a loan package worth almost $1 trillion and the European Central Bank said it will buy bonds to halt the region's debt crisis. The decline sent German 10-year bund yields up by the most in at least a decade as Europe's efforts to keep Greece's fiscal woes from triggering a broader sovereign-debt collapse reduced demand for the relative safety of high-grade government securities. Stock markets rallied around the world and the cost of insuring against losses on European corporate bonds slid.
The decline sent German 10-year bund yields up by the most in at least a decade as Europe's efforts to keep Greece's fiscal woes from triggering a broader sovereign-debt collapse reduced demand for the relative safety of high-grade government securities. Stock markets rallied around the world and the cost of insuring against losses on European corporate bonds slid.
