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Euro zone bond yields hold steady before survey data
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Euro zone bond yields hold steady before survey data
Aug 28, 2024 5:18 PM

LONDON, Aug 22 (Reuters) - Euro zone bond yields were

little changed in early trading on Thursday as investors waited

for the release of survey data that may provide a steer on the

strength of the bloc's private sectors in August.

U.S. bond yields closed lower overnight after the release of

data showing jobs growth in the country was much weaker than

previously thought.

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

the euro zone, held steady at 2.2%.

Purchasing managers' index (PMI) survey data for France and

Germany will be released before a composite reading for the euro

zone at 0800 GMT.

Italy's 10-year yield was roughly flat at 3.57%,

and the gap between Italian and German bond yields

stood flat at 136 bps.

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

sensitive to European Central Bank rate expectations, was down 1

basis point at 2.36%.

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