LONDON, Nov 8 (Reuters) - Euro zone bond yields moved

lower on Friday, at the end of a busy week in which they had to

digest major central bank meetings, the U.S. election and the

collapse of the German government, and which has left them set

for a small weekly rise.

Germany's 10 year yield, the benchmark for the euro zone,

was last down 2 basis points at 2.42%. It is up

around one basis point on the week.

Friday's fall was partly a catch up with U.S. treasuries.

The U.S. 10 year yield finished a volatile Thursday down 8 bps

and was a whisker lower on Friday at 4.34%.

That move was partly an unwind of some of Wednesday's large

jump on former President Donald Trump's victory in Tuesday's

election, said analysts, as well as being affected by the

Federal Reserve cutting rates by 25 bps as expected.

European investors were also processing the implications of

Wednesday's collapse of the German ruling coalition, with

opposition parties and business groups urging Chancellor Olaf

Scholz to trigger a new election quickly.

The German two year yield was 2 bps lower at 2.41% and

Italy's 10 year yield was 5 bps lower at 3.69%

.

(Reporting by Alun John

Editing by Ros Russell)