LONDON, Aug 29 (Reuters) - Euro zone bond yields rose
slightly on Thursday, as global markets moved past the potential
hurdle of tech giant Nvidia's ( NVDA ) earnings, with the focus in Europe
on inflation.
Data showed Spanish inflation fell to 2.4% year-on-year in
August, when adjusted to compare across the European Union, down
from 2.9% in July. Data for German states is due later on
Thursday before further national and euro zone-wide price
figures on Friday.
Germany's 10-year bond yield, the benchmark for
the euro zone bloc, rose 2.6 basis points (bps) to 2.28%, just
below Tuesday's one-month high of 2.3%. Yields move inversely to
prices.
Italy's 10-year yield was higher by 1.5 bps at
3.66%, and the gap between Italian and German bond yields
narrowed 0.4 bps to 137 bps.
Germany's two-year bond yield, which is more
sensitive to European Central Bank rate expectations, was up 1
bp at 2.39%.
(Reporting by Harry Robertson; Editing by Muralikumar
Anantharaman)