BREAKING: Euro zone Government Bond Yields Steady
LONDON, Nov 23 (Reuters) - Euro zone government bonds were little changed despite positive news on an AstraZeneca vaccine, as investors focused on the major economies under strict lockdowns and fact COVID-19 cases are not receding.
AstraZeneca said on Monday its vaccine for the coronavirus, developed along with the University of Oxford, showed an average efficiency of 70%, making it the last of the three big pharmaceutical players to report late-stage results.
But more than 58.32 million people are reported to be infected by the coronavirus globally and 1,385,595 have died, according to a Reuters tally.
Benchmark German 10-year Bond yields were last flat at -0.592%, a two-week low.
Peripheral yields were also flat, with Italian yields 0.59%, close to the 0.57% record low it fell to recently.
The spread between German and Italian government bond yields -- essentially the premium Italy is paying for its debt -- stood at 117 basis points, close to a two-and-a-half year low.
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