LONDON, April 24 (Reuters) - Euro zone government bond
yields rose on Wednesday as markets digested stronger than
expected Purchasing Managers' Index (PMI) data from the bloc
that could reduce some pressure on the European Central Bank to
cut rates beyond June.
Germany's 10-year bond yield, the benchmark for
the euro zone, was up 2.3 basis points (bps) to 2.53%.
Italy's 10-year yield was 3.8 bps higher at
3.86%, and the gap between Italian and German bunds
widened 1.8 bps to 131.9.
The spread between U.S. 10-year Treasuries and German bunds
narrowed 0.4 bps to 209.
Germany's two-year bond yield, which is more
sensitive to ECB rate expectations, was 1.8 bps higher at 3.00%.