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The German bunds remained flat during European session Tuesday after the eurozone’s December flash estimate of consumer price inflation (CPI) edged higher, albeit meeting market expectations. Investors will now eye Germany’s trade balance data for the month of November, scheduled to be released by end of this week will add further direction to the debt market.
The German 10-year bond yield, which move inversely to its price, remained flat at -0.288 percent, the yield on 30-year note slipped nearly 1 basis point to 0.246 percent and the yield on short-term 2-year hovered around -0.627 percent by 10:40GMT.
Euro area annual inflation is expected to be 1.3 percent in December 2019, up from 1.0 percent in November according to a flash estimate from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in December (2.0 percent, compared with 1.9 percent in November), followed by services (1.8 percent, compared with 1.9 percent in November), non-energy industrial goods (0.4 percent, stable compared with November) and energy (0.2 percent, compared with -3.2 percent in November).
Meanwhile, the German DAX rose 1 percent to 13,258.52 by 10:45GMT.
