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Ten-year yields dropped the most for seven weeks, with investors seeking more secure options before the European Union summit meeting, reports Bloomberg.
Similarly the pound did well against the common currency as fears rose that an inability to complete a deal over the Greek debt crisis would prevent the eurozone from recovering fully.
Sterling climbed 0.6 per cent to 83.57 pence versus the euro, paring its monthly loss to 0.2 per cent.
"The repeated lack of political consensus within the euro area is quite worrying. Obviously that's much more of a worry for the peripherals than it is for the core Europeans," Elisabeth Afseth, a fixed-income analyst at Investec Capital Markets, told the news provider.
Bloomberg noted last week that shares were continuing to fluctuate as traders waited on a satisfactory conclusion from Greek debt talks.
Posted by Greg Secker
