Eurozone government bond yields edged lower on Friday but remained on track for weekly gains, as investors continued to grapple with renewed stress across global bond markets despite intervention by the U.S. Treasury, according to a report by Reuters.
The turbulence intensified this week as concerns over persistent inflation and the prospect of increased government spending pushed bond yields higher across major markets. A surprise move by the U.S. Treasury on Wednesday to expand its purchases of existing government debt offered only brief relief, with U.S. Treasury yields resuming their climb a day later.
