German bunds narrowly mixed after Eurozone October CPI meets estimates, unchanged from prior
The German bunds remained mixed during European session of the last trading session of the week Friday after the eurozone’s consumer price inflation (CPI) for the month of October remained unchanged from that in September, also meeting market expectations.
The German 10-year bond yield, which move inversely to its price, hovered around -0.338 percent, the yield on 30-year note edged nearly 1 basis point up to 0.145 percent and the yield on short-term 2-year slipped 1 basis point to -0.649 percent by 10:30GMT.
The euro area annual inflation rate was 0.7 percent in October 2019, down from 0.8 percent in September. A year earlier, the rate was 2.3 percent. European Union annual inflation was 1.1 percent in October 2019, down from 1.2 percent in September, data released by Eurostat showed Friday.
A year earlier, the rate was 2.3 percent. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Cyprus (-0.5 percent), Greece (-0.3 percent) and Portugal (-0.1 percent).
The highest annual rates were recorded in Romania (3.2 percent), Hungary (3.0 percent) and Slovakia (2.9 percent). Compared with September, annual inflation fell in fifteen Member States, remained stable in eight and rose in five.
In October, the highest contribution to the annual euro area inflation rate came from services (+0.69 percentage points, pp), followed by food, alcohol & tobacco (+0.29 pp), non-energy industrial goods (+0.07 pp) and energy (-0.32 pp).
Meanwhile, the German DAX traded tad 0.28 percent higher at 13,218.07 by 10:35GMT.