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Euro zone bond yields dip ahead of PMIs, Eurogroup
05/21/2021 | 03:12am EDT
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May 21 (Reuters) - Euro zone bond yields dipped on Friday
ahead of key business sentiment surveys and a meeting of the
bloc s finance ministers, while analysts watched whether a rally
which began on Thursday marked stability for the asset class.
Bonds have come under pressure from recent data pointing to
improving economic prospects and potentially higher inflation
and flash May purchasing manager indexes (PMIs) for the euro
area will offer the latest clues on that front.
The PMIs are expected to show a slight slowdown in
Euro zone finance ministers were upbeat on Friday about the prospects of the post-pandemic economic recovery, but said Europe would have to work hard to avoid long-term economic damage and not to fall behind China and the United States.
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