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Reuters
Eurozone bond yields remain stable after falling due to interest rate revisions
Written by Joyce Alves
London, May 8 (Reuters) –Eurozone yields stabilized on Wednesday after falling to multi-week lows following recent economic weakness. US employment data This has increased investors' bets that the Federal Reserve and European Central Bank will cut interest rates this year.
German 10-year bond yield DE10YT=RRis the eurozone benchmark, rising 1.8 basis points (bps) to 2.43%. On Tuesday, it hit its lowest price since April 15th.
Italian 10-year bond yield IT10YT=RR The difference in yield between Italian and German government bonds rose 2.1 basis points to 3.78%. DE10IT10=RR It expanded by 1.5 basis points to 134bp.
German 2-year bond yield DE2YT=RRwas more sensitive to European Central Bank interest rate expectations, rising 1.1bps to 2.91%.
Report by Joyce Alves.Editing: Andrew Heavens
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