AMSTERDAM, Nov 24 (Reuters) - Euro zone bond yields edged up in early trade on Tuesday as riskier assets gained after U.S. President Donald Trump gave the green light for a transition to a new administration and as France looked likely to ease lockdown restrictions.
After disputing Democratic president-elect Joe Biden’s election win for weeks, Trump said on Monday he head given the General Services Administration the go-ahead to proceed with a transition for Biden’s administration despite plans to continue with legal challenges.
France reported on Monday its lowest coronavirus tally since September and investors were focused on a speech by President Emmanuel Macron later on Tuesday when he may announce an easing of lockdown rules.
That boosted riskier assets like stocks and trade-sensitive currencies, while euro zone bonds were hurt marginally. Germany’s 10-year benchmark yield was up 1 basis point to -0.57% in early trade.
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