Euro-Area Bonds Supported as Traders Await Two Central Banks

September 19, 2016 11:44 AM

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The selloff in Europe’s higher-yielding sovereign bonds is abating as traders prepare for major central-bank meetings that may leave their relative appeal intact.

With the Federal Reserve forecast to refrain from raising U.S. interest rates on Wednesday and traders finding the Bank of Japan hard to read ahead of a policy decision scheduled for the same day, buyers returned to Italy’s bond market. They’re enticed by a drop in prices that had pushed the 10-year...

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