Euro zone yields rise before US data, Italy risk premium highest since March

Euro zone bond yields edged higher on Friday as investors waited for the latest U.S. employment data, while the gap between German and Italian borrowing costs hit its highest since March. Germany's 10-year bond yield, the benchmark for the bloc, was last up 2 basis points (bps) at 2.903%, although remained below the 12-year high of 3.024% reached on Wednesday. Italy's 10-year bond yield rose to 4.935% in early trading and was last up 2 bps at 4.925%.