LONDON, Aug 11 (Reuters) - Euro zone bond yields opened

steady on Monday ahead of a week packed with event risk,

including a summit on Ukraine peace between the United States

and Russia and a deadline on a U.S.-China trade truce, as

liquidity evaporates.

U.S. President Donald Trump and Russian President Vladimir

Putin will meet on Friday in Alaska to try to broker peace in

Ukraine, marking the first in-person meeting between a U.S. and

Russian leader since former President Joe Biden met Putin in

2021.

Meanwhile, a 90-day truce in the trade war between the U.S.

and China expires on Tuesday. Traders widely expect the pause to

be rolled over for another 90 days.

German 10-year yields were roughly unchanged on

Friday's closing levels at 2.684%, having ended last week up 1

basis point. So far this month, yields on Bunds, which serve as

the benchmark for the wider euro zone, have barely budged.

Two-year yields, which tend to be most reactive

to changes in expectations for interest rates, were also steady

at 1.955%.

There is little in the way of market-sensitive data from the

euro zone this week, leaving the focus on July U.S. consumer

inflation data on Tuesday, which, if soft, could help cement a

rate cut from the Federal Reserve next month.

Commerzbank noted euro zone bond supply this week was

expected to be the smallest so far this year, with just a

re-opening of German 10-year Bunds and Finnish 10- and 15-year

government debt.

Italy has cancelled auctions of 3-year, 7-year and ultralong

debt, while Portugal will also stay put, strategists at the bank

said.

Elsewhere, 10-year Italian yields were down 1 bp

at 3.496%, while French 10-year yields were steady

at 3.388%.