Euro zone bond yields muted as markets anxiously await Trump tariffs

April 2 (Reuters) - Euro zone bond yields were little changed on Wednesday as markets anxiously await details of U.S. President Donald Trump's reciprocal tariffs against global trading partners due later in the day.

Trump was poised to impose sweeping new reciprocal tariffs on Wednesday, details of which were still being formulated and closely held ahead of an announcement ceremony in the Rose Garden at the White House scheduled for 2000 GMT.

German 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, was flat at 2.685, having dropped for five straight sessions, as traders flocked to safe-haven assets in nervous anticipation ahead of what Trump calls "Liberation Day". Yields move inversely to prices.

The European Union has a "strong plan" to retaliate against tariffs imposed, and set to be imposed, by Trump, although it would prefer to negotiate a solution, EU executive chief Ursula von der Leyen said on Tuesday.

Italy's 10-year yield IT10YT=RR was also steady at 3.796%, and the gap between Italian and German 10-year bond yields DE10IT10=RR narrowed to 110 bps.

French 10-year bond yields FR10YT=RR held at 3.404%.

Germany's two-year bond yield DE2YT=RR, which is more sensitive to European Central Bank rate expectations, was little changed at 2.02%.