Most euro zone bond yields rose on Friday to their highest in more than a week a...
LONDON - Most euro zone bond yields rose on Friday to their highest in more than a week as investors scaled back expectations for aggressive U.S. rate cuts before a speech by Federal Reserve Chairman Jerome Powell later in the day.
Along with slightly improved data in the euro area and over-stretched positions in global bond markets, that encouraged some selling before Powell speaks, analysts said. Powell is due to speak at a gathering of central bankers in Jackson Hole, Wyoming, expected at 1400 GMT. President Sergio Mattarella on Thursday gave Italy’s bickering parties five days to clinch a deal to resolve a political crisis and avoid an election.
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