LONDON, Sept 5 (Reuters) - Euro zone bond yields fell
for a third straight session on Thursday as investors continued
to worry about global growth.
Data on Wednesday showed U.S. job openings fell to their
lowest level in 3-1/2 years in July, adding to signs of a
slowing labour market. The key monthly U.S. employment report
for August is due on Friday.
Investors have nudged up their bets on U.S. and global rate
cuts, helping pull down bond yields, while also moving into the
safety of government debt as stocks have stumbled.
Germany's two-year bond yield, which is sensitive
to European Central Bank rate expectations, fell 2 basis points
(bps) to 2.288% on Thursday, its lowest since a previous bout of
economic worries sent yields tumbling on Aug. 5.
The German 10-year bond yield, the benchmark for
the euro zone bloc, also fell 2 bps to 2.198%, its lowest since
Aug. 22. Yields fall as prices rise, and vice versa.
Italy's 10-year yield was little changed at
3.572%, and the gap between Italian and German yields
stood at 137 bps.