Stability in Euro Zone Bond Yields as Investors Anticipate PMI Survey Data

Euro zone bond yields remained stable in early trading on Thursday. Investors await PMI survey data to gauge the performance of the bloc's private sectors in August. U.S. bond yields fell after job growth data showed weaker results than expected. Germany's 10-year bond yield held steady at 2.2%.

Euro zone bond yields showed little movement in early Thursday trading, as investors held their breath for upcoming survey data that could reveal the health of the bloc's private sectors for August.

U.S. bond yields declined following the overnight release of figures indicating that job growth in the United States was substantially weaker than initially projected.

Germany's 10-year bond yield, a key benchmark for the euro zone, remained unchanged at 2.2%. Meanwhile, Italy's 10-year yield remained level at 3.57%, with the yield gap between German and Italian bonds staying flat at 136 basis points. Germany's two-year bond yield, which is particularly sensitive to European Central Bank rate expectations, dipped by 1 basis point to 2.36%.

(With inputs from agencies.)