AMSTERDAM, April 20 Reuters Euro zone bond yields continued to rise on Tuesday, but moves were contained after a hefty selloff on Monday in a datalight trading session just two days before the blocs central bank meeting.

Trading remained relatively contained compared to Monday, when German bond yields rose as much as 5 basis points, with no major data releases due on Tuesday and attention turning to the European Central Bank meeting on Thursday.

Investors hope the meeting will give more clarity about the ECBs stimulus plans once the blocs economic recovery takes hold.

Germanys 10year yield, the benchmark for the region, rose above Mondays peak to a new high since late February at 0.215 at the session open, but dipped below that level and was last up 1 basis point at 0.23 at 0942 GMT.

Italian 10year yields rose to as high 0.818, a new high since late February, and were last up 2 bps on the day.

As the calendar remains light while the flow backdrop looks set to improve significantly in coming days, we do not yet expect euro zone government bond yields to sustain levels above this years highs and suggest buying into further Bund weakness, Christoph Rieger, head of rates and credit research at Commerzbank told clients.

Bond yields rise as prices fall.

Net cash flows the money investors have left from the payments they receive from coupons and maturing bonds after accounting for the amount of new issuance in the market are around 12 billion euros this week and…