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Euro zone government bond yields edge down ahead of inflation data
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Euro zone government bond yields edge down ahead of inflation data
Mar 27, 2024 12:55 AM

March 27 (Reuters) - Euro zone yields fell slightly on

Wednesday in low volumes ahead of the Easter holidays, with

investors waiting for key inflation data from both sides of the

Atlantic.

** Spain will issue inflation figures later in the session,

France, Italy and the U.S. on Friday, while German and euro

area-wide data is due next week.

** Markets slightly scaled back their bets on 2024 ECB rate

cuts to 90 basis points (bps) earlier this

week as Atlanta Federal Reserve Bank President Raphael Bostic

said on Friday he expects just a 25-bps Fed cut in 2024.

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

for the bloc, was down 1.5 bps at 2.33%.

** Italy's 10-year bond yield was 1 basis point lower at

3.65%, with the closely watched gap to Germany's

10-year yield at 130 bps.

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

sensitive to European Central Bank rate expectations, dropped

one basis point to 2.84%.

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