LONDON, Aug 10 (Reuters) – European government bond yields edged higher on Monday as risk appetite improved, encouraging investors to move out of safe-haven assets, but concern about simmering tension between the United States and China capped gains.
Rising stocks and a weakening dollar led investors to push German 10-year bond yields up nearly 2 basis point to -0.491% in early London trading, their highest in nearly two weeks.
With U.S. jobs data on Friday better than expected, bond yields ended higher, with U.S. Treasury yields up nearly 4 bps for the week. That was the first weekly rise in yields after four consecutive weeks of falls.
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