Eurozone bond yields edged up in subdued trading.

Eurozone government bond yields edged higher in early trading. Trading was relatively quiet, with little momentum provided by economic data, US Treasury yields, or completed bond issuances this week. Christoph Rieger of the research department at Deutsche Bank stated in a report, "The domestic macro environment is giving investors confidence to buy newly issued 10-year German government bonds with yields above 2.8%, or yield spread products above that level." Yield spread products refer specifically to investors buying bonds from peripheral Eurozone countries such as Italy and Spain, as they benefit from the narrowing yield spread with German government bonds. According to data from the London Stock Exchange Group, the yield on 10-year German government bonds rose by 0.6 basis points to 2.823%, while the yield on 10-year French government bonds increased by 1.3 basis points to 3.502%.