Eurozone Bond Yields Edge Higher with Hopes Focused on Strait of Hormuz
Dow Jones15:23
0723 GMT - Eurozone government bond yields rise slightly in early trade. Investors are focused on the prospect of the reopening of Strait of Hormuz and also await key U.S. monthly jobs data Friday. Iran and Oman were finalizing a draft agreement Wednesday to reopen the Strait of Hormuz, The Wall Street Journal reported. Eurozone government bonds "remain largely a function of the oil and Strait of Hormuz," Mizuho analysts say in a note. Government bond auctions are due from Spain and France, while Germany will detail next Wednesday's long-end bond auction. Local economic data, including eurozone retail trade, could provide some input. The 10-year Bund yield rises 0.9 basis points to 3.111%, according to LSEG.
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