Euro zone bond yields were little moved in early Monday trading with last week's dovish forward guidance from central banks keeping yields stuck in narrow ranges, while investors await a clutch of economic data this week.
The Federal Reserve last week repeated its message of keeping interest rates low and the Bank of England said it was looking more closely at how it might cut interest rates below zero. That followed more dovish noises from ECB policymakers. "More than ever, developments in the core fixed-income universe are being determined by central-bank policies," said Unicredit analysts.
They added that core bond yields"will most probably continue to show only minor yield swings in either direction, with general market sentiment likely to be the main driver on a day-to-day basis".
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