Euro Zone Bond Yields Steady Amid Powell's Anticipated Speech
Euro zone bond yields remained steady on Friday as investors awaited a crucial speech by U.S. Federal Reserve Chair Jerome Powell. The market is keen for insights into possible interest rate cuts. Germany's 10-year bond yield stayed at 2.24%, with slight changes observed in Italian and German yields.
![Euro Zone Bond Yields Steady Amid Powell's Anticipated Speech](https://devdiscourse.blob.core.windows.net/aiimagegallery/27_05_2024_10_59_16_9580439.png)
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Euro zone bond yields held steady on Friday, after a rise the previous day, as investors awaited a potentially market-moving speech by U.S. Federal Reserve Chair Jerome Powell. German 10-year bond yield, serving as the euro zone benchmark, was stable at 2.24%.
Markets tuned in closely to Powell, seeking hints about how much the Fed might lower interest rates this year, a move that could influence other global central banks. Italy's 10-year yield dipped by 0.7 basis points to 3.61%, narrowing the spread between Italian and German yields by 1.2 basis points to 136 bps.
Germany's two-year bond yield, sensitive to European Central Bank rate expectations, remained largely unchanged at 2.4%.
(With inputs from agencies.)
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