Eurozone bond yields down on shorter issues

Eurozone bond yields down on shorter issues

Yields were up on 10-year paper but down on 2-year issues in the eurozone bond markets.

The 10-year Bund rose 6.1 basis points to yield 3.194 percent, while yields on the 2-year Schatz fell 0.1 basis point to a yield of 2.072 percent.

In the UK, housing market data and figures on factory gate prices had little impact on bonds as investors looked forward to further economic date due later in the week, including consumer price inflation figures due out later on Monday.

10-year gilts were up 5.7 basis points to a yield of 4.301 percent. Meanwhile, in Japan 10-year government bonds gained 2 basis points to yield 1.235 percent. Prices were affected by the auction of a new 20-year issue coming up on Thursday.

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