LONDON, March 19 (Reuters) - Euro zone bond yields were
little changed on Tuesday, with the focus of global markets on
the Bank of Japan, which ended eight years of negative interest
rates.
** Germany's 10-year bond yield, the benchmark for
the euro zone, was last up less than 1 basis point (bp) at
2.462%.
** The 10-year yield has risen over the past week as U.S.
economic data has come in stronger than expected, causing
investors to rein in bets on Federal Reserve rate cuts.
** Germany's 2-year bond yield was also up less than
1 bp at 2.923%.
** The BOJ set the overnight call rate as its new policy rate
and decided to guide it in a range of 0-0.1%. Its key rate
previously stood at -0.1%.
** Analysts told Reuters that rates would most likely have to
rise further before Japanese investors started pulling out of
foreign bond markets to return cash home.