Eurozone government bond yields fell in anticipation of inflation data

Eurozone government bond yields fell in anticipation of inflation data

LONDON (Reuters) - German 10-year bond yields held near three-week lows on Tuesday, while southern European treasury yields near record lows amid expectations that inflation data will force the ECB to decide on new stimulus this week.

The yield on German Bunds, which has been in a narrow range in recent days, slipped slightly in early trading to -0.58%, approaching a three-week low of -0.60% reached the day before..

"Debt markets likely to remain on hold until ECB and Fed meetings", - by UniCredit analysts (MI: CRDI). ECB meeting scheduled for Thursday.

Eurozone consumer prices are expected to decline 0.2% year-on-year in November after falling 0.3% in the previous month.

Bond yields in southern Europe also declined. Italian 10-year bond yield declined 1 basis point to 0.57%.

(Dhara Ranasingh, translated by Olga Devyatiarova. Editor Anna Kozlova)