bonds move up 4th of july 2008, uk interest rates next week

LONDON (ShareCast) - European government bonds made headway after buyers returned, their confidence boosted by comments from the President of the European Central Bank (ECB) Jean-Claude Trichet which suggested ECB policy-makers were not predisposed
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towards more interest rate rises this year.
The ECB lifted its key lending rate by 25 basis points to 4.25% yesterday in a move that was heavily foreshadowed.
The yield on the benchmark 10-year bund fell 6 ticks to 4.5%.
In the UK, gilts tracked their European counterparts higher, with the yield on the 10-year gilt sliding 6 basis points to 4.97%.
The Bank of England is to make its decision on its key lending rate next week. Despite increasing levels of noise about the need to control inflation, recent economic data suggests the UK economy is in no fit state to digest a rate increase, and no change to the base rate is expected.
The US was closed today for a public holiday.
last day sking at arapehoe basin, in the rockys, happy 4th of july