Euro zone government bond prices held steady on Friday ahead of U.S. employment data, as expectations for more benign inflation readings in the bloc kept German yields on course for their largest drop for the first week of the year in over 40 years. German 10-year bond yields, which serve as a benchmark for the broader euro zone, were down 1 basis point on the day at 2.295%. But they have fallen by almost 30 bps this week and were on Friday heading for their largest weekly decline since late October and, according to Refinitiv data, the biggest in the year’s first week since 1977.
