ECB's stimulus signal pushes Eurozone bond yields to new lows

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Government bond yields in the euro area fell to multi-month lows early on Friday, extending the previous day's decline after the European Central Bank (ECB) signalled a slow exit from its monetary stimulus scheme.

Germany's benchmark 10-year bond yield fell to 0.286%, its lowest since late June. Two-year bond yields fell to 4 1/2-month lows at minus 0.796%.

In southern Europe, Portuguese bond yields fell to their lowest in more than a year at 2.702%. They slid 13 bps on Thursday, their biggest one-day fall since April.