Euro zone bond yields slip after US economy sheds jobs in July
TLT•Italy's 10-year yield also eases
Italy's 10-year bond yield IT10YT=RR was 1 bp lower at 3.9% and was set for its biggest weekly fall since May at 13 bps.
Traders see little change to ECB expectations
The jobs data is "likely to revive concerns among Fed officials about the health of the labour market and make them less inclined to commit to near-term tightening," Thomas Ryan, senior North America economist at Capital Economics, said.
The figures did little to shift traders' bets on ECB rate hikes, which have largely been driven by oil prices. Money markets were last pricing in 36 bps of further ECB monetary tightening this year, down from 37 bps before the data.
Germany's benchmark 10-year yield was on track for its biggest weekly fall since the end of June, at 8 bps, with bonds boosted by hopes of a deal on reopening the Strait of Hormuz, even as the latest developments suggested tensions between and the U.S. persisted.
