LONDON: Euro zone bond yields were little changed in subdued post-holiday trading on Friday, with German unemployment figures and the closely watched US ISM manufacturing survey due later in the day.
Germany’s 10-year bond yield, the benchmark for the euro zone bloc, fell 0.8 basis points (bps) to 2.36%.
It hit a six-week high of 2.405% a week ago before falling back.
Yields move inversely to prices. Italy’s 10-year yield was little changed? at 3.53% and the gap between Italian and German yields stood at 116 bps.
Euro zone bond yields hold steady, down from six-week high
The spread between US 10-year Treasuries and German bunds narrowed 1.4 basis points to 218 bps.
Germany’s two-year bond yield, which is sensitive to European Central Bank rate expectations, was little changed at 2.1%.
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