EURO ZONE BONDS SLIP FROM MULTI-MONTH HIGHS BEFORE US INFLATION DATA

Euro zone bond prices fell slightly on Friday ahead of the release of the Federal Reserve's preferred measure of inflation after hitting their highest in more than nine months the previous day. Germany's 10-year bond yield, which moves inversely to the price, was last up 2 basis points (bps) at 1.973%. It fell to 1.94% on Thursday, its lowest since March. Italy's 10-year bond yield was also 2 bps higher at 3.598% after falling to its lowest since August 2022 on Thursday at 3.55%."It was like the market peaked and then realised, oh, OK, maybe we shouldn't trade that (high)," said Piet Haines Christiansen, chief rates strategist at Danske Bank.

Learn More