LONDON Jan 9 Germany's benchmark 10-year
government bond yield rose to a three-week high on Monday, with
yields across the euro area edging higher as investors braced
for a deluge of new bond supply this week.
Investors often push bond prices lower to make way for new
supply and January tends to be one of the busiest months of the
year for bond sales. The Netherlands, Austria, Germany and Italy
are all scheduled to hold auctions this week.
The German 10-year Bund yield rose to 0.323 percent
in early trade, up 2 basis points on the day and its
highest level in three weeks.
(Reporting by Dhara Ranasinghe; Editing by Andrew Heavens)