LONDON, May 4 Reuters Most 10year government bond yields in the euro area were steady on Tuesday, holding below 13month highs on hopes that world central banks will not rush into tapering their massive stimulus schemes.

New York Fed President John Williams said late on Monday that the recovery so far is not nearly enough to prompt monetary policy tightening.

Australias central bank left its key rates at near zero for a fifth straight meeting on Tuesday and pledged to keep policy super loose for a prolonged period even as the economy recovers at a rapid pace from the COVID19led downturn.

And in the euro area, analysts said signs of a pick up in European Central Bank bond buying were a positive sign for regional markets.

Data on Monday showed 80 billion euros was bought under the ECBs PEPP emergency stimulus scheme in April, the first full month after the higher pace was announced in March. That compared with 60 billion euros in February.

ECB chief Christine Lagarde has suggested markets focus on the monthly numbers rather than weekly purchase figures, which can be volatile.

The brisk volumes in the ECB purchase data may have added to the bullish sentiment, said Christoph Rieger, head of rates and credit research at Commerzbank, referring to the pull back in euro area yields late on Monday.

In early Tuesday trade, Germanys 10year Bund yield was little changed around 0.20, off more than oneyear highs touched on Monday at 0.16.

French and Dutch 10year yields were…