April 30 (Reuters) - Euro zone government bond yields
were little changed on Wednesday as investors waited for German
and French inflation data later in the session.
Germany's 10-year yield, the euro area's
benchmark, fell 0.5 basis points to 2.49%.
U.S. Treasury yields edged up in early London trade after
falling for the sixth consecutive day to a three-week low on
Tuesday as data showed that U.S. job openings dropped sharply in
March, while consumer confidence hit an almost five-year low.
Money markets priced in a European Central Bank deposit
facility rate at 1.62% in December. They
also fully priced a 25 bps cut in June.
Germany's 2-year yield, more sensitive to
expectations for ECB policy rates, was flat at 1.74%.
Italy's 10-year yield was unchanged at 3.62%,
with the gap between Italian and German 10-year bond yields
at 109 bps.