April 2 (Reuters) - Euro zone bond yields were little
changed on Wednesday as markets anxiously await details of U.S.
President Donald Trump's reciprocal tariffs against global
trading partners due later in the day.
Trump was poised to impose sweeping new reciprocal tariffs
on Wednesday, details of which were still being formulated and
closely held ahead of an announcement ceremony in the Rose
Garden at the White House scheduled for 2000 GMT.
German 10-year bond yield, the benchmark for the
euro zone bloc, was flat at 2.685, having dropped for five
straight sessions, as traders flocked to safe-haven assets in
nervous anticipation ahead of what Trump calls "Liberation Day".
Yields move inversely to prices.
The European Union has a "strong plan" to retaliate against
tariffs imposed, and set to be imposed, by Trump, although it
would prefer to negotiate a solution, EU executive chief Ursula
von der Leyen said on Tuesday.
Italy's 10-year yield was also steady at 3.796%,
and the gap between Italian and German 10-year bond yields
narrowed to 110 bps.
French 10-year bond yields held at 3.404%.
Germany's two-year bond yield, which is more
sensitive to European Central Bank rate expectations, was little
changed at 2.02%.