Euro zone yields edge down, markets cautious before economic data
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Euro zone government bond yields fell on August 19, 2024, as investors prepared for a week of significant economic data and a central bankers' meeting at Jackson Hole; Bund yields decreased by 2.5 basis points to 2.23%; investors are awaiting business activity figures and wage growth data ahead of the European Central Bank's September rate decision; money markets anticipate around 65 basis points of ECB rate cuts in 2024, suggesting two 25 basis point cuts and a 60% chance of a third; Italian 10-year yields also dropped by 2.5 basis points to 3.62%; the spread between US and German borrowing costs remained unchanged at 163 basis points, having reached a 12-month low of 153 basis points earlier this month.

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https://www.brecorder.com/news/40318199/euro-zone-yields-edge-down-markets-cautious-before-economic-data