LONDON, Oct 22 (Reuters) - Germany's 10-year bond yield

rose to its highest level in almost two months on Tuesday, as a

range of factors including doubts about the speed of central

bank rate cuts pushed down prices.

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

the euro zone bloc, rose more than 3 basis points (bps) to

2.312% on Tuesday, the highest since Sept. 3. The yield, which

moves inversely to the price, was last at 2.303%.

Bond market analysts have struggled to pinpoint an exact

driver for the rise in longer-dated bond yields in Europe and

the United States.

But they have pointed to stronger-than-expected U.S.

economic data causing traders to moderate their expectations for

rate cuts from the influential Federal Reserve, as well as a

rise in oil prices on Monday and concerns about high levels of

bond supply as governments run large budget deficits.

Italy's 10-year yield was higher by 3 bps at

3.536%.

The gap between Italian and German yields was

broadly steady at 122 bps. It rose 6 bps on Monday in its

biggest one-day rise since August after falling to its lowest

since around early 2022 as investors warmed to Italy's efforts

to bring down its public debt.

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

to ECB rate expectations, was little changed at 2.182% after

rising 7 bps on Monday.