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Euro zone bond yields steady before U S inflation report
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UPDATE 2-Italian yields hit 3-month lows as ECB preps new policy path
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UPDATE 3-Italian yields hit 3-month lows as ECB preps new policy path
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German 10-yr yields down 14 bps in past two weeks Biggest two-week drop in yields since June 2020 Investors reassess global growth prospects Euro zone bond price rally paused briefly on Friday
LONDON, July 9 (Reuters) - German government bonds, one of the world’s most liquid safe haven assets, headed on Friday for their biggest two-week fall in yields since June 2020 as investors saw a longer road to recovery from the COVID-19 crisis than expected.
The European Central Bank’s move to set a new inflation target had little impact on the market, where investors have been chasing safe assets as the coronavirus Delta variant spreads, raising a new threat to economic growth prospects.
GLOBAL MARKETS-U S stocks follow Europe up; Treasury yields rise, dollar firm
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