LONDON, May 24 (Reuters) - Euro zone bond yields were on

track for their biggest weekly rise in a month on Friday,

although they were little changed on the day, after strong

economic data caused traders to further scale back their bets on

central bank interest rate cuts.

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

the euro zone bloc, was down 1 basis point (bp) at 2.6% on

Friday, but heading for an 8 bp rise across the week.

Italy's 10-year yield was little changed​ at

3.90%, and the gap between Italian and German bond yields

widened 0.6 basis points to 129 bps.

The spread between U.S. 10-year Treasuries and German bond

yields narrowed 1.4 basis points to 187 bps.

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

sensitive to European Central Bank rate expectations, was little

changed at 3.08%.