January 16, 2018 / 10:56 AM / a year ago

Bond yields fall on report ECB unlikely to ditch bond-buying pledge next week

LONDON, Jan 16 (Reuters) - Borrowing costs across the euro area fell on Tuesday after a source-based report that the European Central Bank is unlikely to ditch a pledge to keep buying bonds at next week’s meeting.

Germany’s 10-year government bond yield, the benchmark for the region, fell to day’s low of 0.49 percent and was down 4 basis points on the day.

Italian and Spanish bond yields dropped 6-7 basis points, extending earlier falls .

ECB rate setters also need more time to assess the outlook for the economy and the euro, three sources close to the matter told Reuters. (Reporting by Fanny Potkin; Editing by Dhara Ranasinghe)

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