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Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
The German bunds plunged during European session Thursday despite a lower-than-expected trade surplus registered for the month of August, while eyes still remain on the country’s consumer price inflation (CPI) for the month of September, due for release on October 11 by 06:00GMT for further direction in the debt market.
The German 10-year bond yield, which move inversely to its price, jumped 3-1/2 basis points to -0.518 percent, the yield on 30-year note surged 3 basis points to -0.034 percent and the yield on short-term 2-year traded 2 basis points higher at -0.719 percent by 10:55GMT.
Germany’s Federal Statistics Office said seasonally adjusted exports fell 1.8 percent on the month while imports rose 0.5 percent. The trade surplus narrowed to 18.1 billion euros ($19.9 billion) after an upwardly revised 20.5 billion euros in the prior month, Reuters reported.
A Reuters poll of economists had pointed to a 1.0 percent drop in exports and a 0.2 percent fall in imports. The trade surplus was expected to come in at EUR19.1 billion, Reuters added.
Meanwhile, the German DAX traded flat at 12,093.36 by 11:00GMT.
