March 2 (Reuters) - Euro zone government bond yields hit
fresh multi-year highs on Thursday ahead of inflation data for
the whole bloc after individual member states' numbers showed
larger-than-expected rises in consumer prices.
Inflation in the Netherlands picked up again in February
after four months of deceleration, driven by surging food
prices, Dutch statistics agency CBS said on Thursday.
Germany’s 10-year government bond yield , the
bloc’s benchmark, rose 5.5 basis points (bps) to its highest
since July 2011 at 2.77%.
The German 2-year yield was up 3 bps at 3.23%,
after hitting its highest since October 2008 at 3.257%.
Data showed earlier this week inflation in euro zone
countries rose more than anticipated.
A preliminary reading of harmonised euro zone inflation for
February is due at 1000 GMT on Thursday.
(Reporting by Stefano Rebaudo; Editing by Amanda Cooper)
Messaging: stefano.rebaudo.thomsonreuters.com@reuters.net ));))
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