By Joice Alves
LONDON, April 17 (Reuters) – Euro zone bond yields continued to climb on Wednesday, trading near a 1-1/2-month high on the back of strong U.S. data and this week’s fall in demand for safe assets.
Germany’s 10-year bond yield, the benchmark for the euro zone, was last 0.3 basis point (bps) higher on the day at 2.489%, not far from its highest level since late February hit on Tuesday.
Yields move inversely to prices.
The German 10-year yield has climbed since Monday – recovering from Friday’s tumble to 2.318% – after March U.S. retail sales data came in stronger than expected. Investors also moved back out of bonds this week, having snapped up safe assets on Friday as tensions between Israel and Iran ratcheted higher.
Italy’s 10-year bond yield was last up 0.6 bps at 3.918%, after surging to its highest level since March 1 on Tuesday. (Reporting by Joice Alves Editing by Ros Russell)
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