In contrast, Germany's benchmark 10-year bond yield rose to four-month highs, as a bearish tone in broader bond markets lingered a day after European Central Bank chief Mario Draghi pointed to a "vigorous" pick-up in underlying inflation. Italian bond yields were down as much as 11 basis points in early trade . Italy's 10-year bond yield fell 9 bps to 2.86pc , shrinking the spread over benchmark German Bund yields to around 232 bps, from around 245 bps late on Monday. Outside Italy, most euro zone bond yields were 1 to 3 bps higher. French 10-year bond yields hit their highest in over three months.

Source: Irish Independent September 25, 2018 08:26 UTC