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Euro zone bond yields steady after turbulent week for markets
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Euro zone bond yields steady after turbulent week for markets
Apr 11, 2025 12:49 AM

April 11 (Reuters) - Euro zone bond yields were stable

on Friday after a turbulent week as worries about the global

economy and U.S.-China trade conflict gripped markets despite a

temporary pause in some of U.S. President Donald Trump's broader

tariffs.

Investors' nervousness has resulted in heavy selling of U.S.

bonds and the dollar, which has pushed the premium that holders

of Treasuries demand to hold U.S. debt rather than German Bunds

up by the most in a week since the 1990s.

The German 10-year bond yield, the benchmark for

the euro zone bloc, edged up 0.7 basis points to 2.59%.

Germany's bond market sat out a global selloff on Wednesday,

which saw U.S. yields rise dramatically and the gap between the

German and U.S. 10-year yields widen.

On Friday, selling in U.S. bonds resumed, with the 10-year

note yield rising to 4.427% and the spread between

German and U.S. 10-year Treasuries widening to 182

bps, having risen by over 40 bps in this week alone, its largest

such increase in at least 30 years, according to LSEG data.

Bunds have only risen by 3 bps this week, as investors have

flocked to safe havens beyond the U.S. market, particularly in

light of the aggressive selloff in Treasuries.

Italy's 10-year yield was higher by 1.7 basis

points at 3.82%. The gap between Italian and German 10-year

bunds, a gauge of the premium that investors

demand to hold Italian debt, widened to 122 bps.

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

sensitive to European Central Bank rate expectations, was 1.6

bps lower at 1.8%.

German inflation eased to 2.3% in March, the federal

statistics office said on Friday, confirming preliminary data.

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