LONDON, Jan 13 (Reuters) - Euro zone bond yields rose
again on Monday to new multi-month highs as strong U.S. jobs
data from Friday continued to put pressure on global debt
markets.
Germany's 10-year bond yield, the benchmark for
the euro zone bloc, rose to 2.6% in early trading, the highest
since July. It was last up 3 basis points (bps) at 2.594%.
Figures on Friday showed the U.S. economy added 256,000 jobs
in December, the most since March and well above economists'
expectations of 160,000.
Italy's 10-year yield was last up 4 bps at
3.812%, after touching its highest since November at 3.827%
earlier in the session. Yields move inversely to prices.
The gap between Italian and German yields
stood at 121 bps, the highest since early December.
Germany's two-year bond yield, which is more
sensitive to European Central Bank rate expectations, rose to
2.307%, its highest since November. It was last trading 2 bps
higher at 2.298%.