Euro zone yields edge lower, eyes on US Federal Reserve

Euro zone bond yields ticked lower on Wednesday as traders eyed events beyond the currency bloc, digesting slightly lower-than-expected British inflation data and awaiting the conclusion of the Federal Reserve meeting later in the day. ** Germany's 10-year bond yield, the benchmark for the euro zone, was last down 2 basis points at 2.42%. ** Yields have been rising for the past week as U.S. economic data remained strong causing investors to rein in bets on Federal Reserve rate cuts, maintaining the broad trend of much of 2024.