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Euro zone bond yields hit new multi-month highs after US jobs data
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Euro zone bond yields hit new multi-month highs after US jobs data
Jan 13, 2025 12:24 AM

LONDON, Jan 13 (Reuters) - Euro zone bond yields rose

again on Monday to new multi-month highs as strong U.S. jobs

data from Friday continued to put pressure on global debt

markets.

Germany's 10-year bond yield, the benchmark for

the euro zone bloc, rose to 2.6% in early trading, the highest

since July. It was last up 3 basis points (bps) at 2.594%.

Figures on Friday showed the U.S. economy added 256,000 jobs

in December, the most since March and well above economists'

expectations of 160,000.

Italy's 10-year yield was last up 4 bps at

3.812%, after touching its highest since November at 3.827%

earlier in the session. Yields move inversely to prices.

The gap between Italian and German yields

stood at 121 bps, the highest since early December.

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

sensitive to European Central Bank rate expectations, rose to

2.307%, its highest since November. It was last trading 2 bps

higher at 2.298%.

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