Euro zone bond yields steadied on Tuesday, after last week posting their biggest weekly fall since December, as investors waited for U.S. inflation data that could firm expectations for a summer Federal Reserve rate cut. Germany’s 10-year yield, the benchmark for the euro zone, was 0.6 basis points (bps) lower at 2.29%. Yields have come under pressure as both European Central Bank (ECB) President Christine Lagarde and Federal Reserve Chair Jerome Powell signalled that they could start cutting rates in June.
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