Euro Zone Bond Yields Steady Amid Anticipation of Fed Inflation Data

In early Monday trading, Euro zone government bond yields remained stable as investors awaited the release of significant U.S. inflation data. The week promises a heavy schedule of bond sales, with markets closely monitoring the Federal Reserve's favored gauge of inflation.

Last week saw yields climb following Germany's announcement of increased debt issuance and policy moves from both the Federal Reserve and the Bank of England. This week, all eyes are on U.S. data, especially Friday's personal consumption expenditures (PCE) price index, crucial for determining the Fed's next steps.

Germany's 10-year bond yield rose 1 basis point to 2.7590%, and the U.S. 10-year Treasury yield stood at 4.1389%. Among the anticipated 30 billion euros in bond sales, new long-term debt from the Netherlands and Italy will be closely watched.

(With inputs from agencies.)