Long bonds attract buyers

BlackRock, the world’s biggest money manager, says it snapped up some of the eurozone’s long-dated government bond issues recently, attracted by their relatively high yields as well as signs of economic progress in the countries concerned.

“We’ve been active in some of those issues,” said Michael Krautzberger, BlackRock’s London-based head of European fixed income.

“Some of the non-German yield curves in Europe are very, very steep. That’s what makes it potentially interesting.”