Euro zone bond yields hit new multi-month highs after US jobs data
LONDON, Jan 13 (Reuters) - Euro zone bond yields rose again on Monday to new multi-month highs as strong U.S. jobs data from Friday continued to put pressure on global debt markets.
Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone bloc, rose to 2.6% in early trading, the highest since July. It was last up 3 basis points (bps) at 2.594%.
Figures on Friday showed the U.S. economy added 256,000 jobs in December, the most since March and well above economists' expectations of 160,000.
Italy's 10-year yield IT10YT=RR was last up 4 bps at 3.812%, after touching its highest since November at 3.827% earlier in the session. Yields move inversely to prices.
The gap between Italian and German yields DE10IT10=RR stood at 121 bps, the highest since early December.
Germany's two-year bond yield DE2YT=RR, which is more sensitive to European Central Bank rate expectations, rose to 2.307%, its highest since November. It was last trading 2 bps higher at 2.298%.
(Reporting by Harry Robertson
Editing by Bernadette Baum)
((harry.robertson@thomsonreuters.com;))
Related Articles
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
BoE August Rate Decision Commentary: Where Next for the Pound?
TradingKey - On 7 August 2025, the Bank of England (BoE) lowered its benchmark interest rate from 4.25% to 4%, aligning with broad market expectations. Notably, the decision sparked significant division within the committee, requiring two rounds of voting to pass.
AMD Q2 FY2025 Earnings Review: Impressive Growth Stumbles on Export Control Hurdles
TradingKey - Advanced Micro Devices, Inc. (NASDAQ: AMD) released its Q2 FY2025 earnings on August 5, 2025, after market close, delivering robust results driven by record sales in its Data Center and Client segments. Despite a 32% YoY revenue increase, surpassing expectations, the stock dipped around
Lockheed Martin (LMT): Robust Backlog & Geopolitical Tailwinds Bolster Long-Term Outlook Despite Short-Term Project Setbacks
TradingKey - The U.S. is increasing defense spending significantly over the years due to rising global tensions and the need to modernize its military capabilities. The defense sector has outperformed broader markets fueled by reliable government contracts and innovation.
