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Euro zone yields steady as light calendar leaves focus on Nvidia
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Euro zone yields steady as light calendar leaves focus on Nvidia
Aug 29, 2024 9:10 AM

LONDON, Aug 28 (Reuters) - Euro zone bond yields were

little changed on Wednesday after rising the previous day, as a

light economic calendar left the focus of global markets on chip

company Nvidia's earnings report after the U.S. close.

German 10-year bond yield, the benchmark for the

euro zone bloc, fell 0.9 basis points (bps) to 2.27%. The yield,

which moves inversely to the price, hit a one-month high of 2.3%

on Tuesday.

Italy's 10-year yield was lower by 1.9 bps at

3.65%, and the gap between Italian and German yields

narrowed 1.2 basis points to 137 bps.

Germany's two-year bond yield, which is more

sensitive to European Central Bank rate expectations, was little

changed at 2.4%.

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