The German bunds jumped during European session Thursday after the eurozone’s consumer price inflation (CPI) for the month of October expanded at a slower pace than that in September, albeit remaining in line with expectations.
However, the unemployment rate remained steady for September, disappointing market expectations of a fall.
The German 10-year bond yield, which move inversely to its price, plunged 5 basis points to -0.407 percent, the yield on 30-year note plummeted 6 basis points to 0.080 percent and the yield on short-term 2-year suffered 1-1/2 basis points down at -0.661 percent by 10:45GMT.
Seasonally adjusted GDP rose by 0.2 percent in the euro area (EA19) and by 0.3 percent in the EU28 during the third quarter of 2019, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2019, GDP had grown by 0.2 percent in both zones.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.1 percent in the euro area and by 1.4 percent in the EU28 in the third quarter of 2019, after +1.2 percent in the euro area and +1.4 percent in the EU28 in the previous quarter.
Meanwhile, the German DAX remained tad -0.29 percent lower at 12,876.63 by 10:50GMT.


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