LONDON, April 28 (Reuters) - Euro zone government bonds
edged higher on Monday, as the unusual absence of U.S.
tariff-related headlines left investors waiting for direction
from economic data due later in the week.
Germany's 10-year yield rose nearly 2 basis points to 2.49%,
but was still near the lower end of its recent range.
U.S. data will be in focus, with PCE inflation and GDP
numbers due Wednesday, and nonfarm payrolls for April on Friday.
Investors will inspect the data for evidence of the economic
hit they expect from the disruption and uncertainty caused by
tariffs, though this week's batch could be a little soon.
In Europe, inflation data will be published, including in
Spain on Tuesday, and Germany, France and Italy on Wednesday.
A higher-than-expected print could cause investors to
reassess expectations the European Central Bank will continue
cutting interest rates to support the European economy, though,
barring a major surprise, the U.S. data will likely be the main
focus.
Italy's 10-year yield was flat at 3.59%, and
Germany's rate-sensitive two-year yield nudged up 1 bp to 1.75%.