German Bunds climb on further ECB easing expectations

The German 10-year Bund yields slipped for second straight day on Thursday as the European Central Bank (ECB) is expected to purchase nearly EUR 20 billion bonds in addition to its existing EUR 60 billion.
The 10-year German yield has been hovering around the 0.15% mark and it further expected to drift down to its one-month low of 0.10% as ECB QE gets stepped up (the additional buying will apply to govvies in April, as corporate purchases will start later). 

The benchmark for euro zone borrowing costs fell 14.63 pct to 0.140 pct and 3-year bunds yield dipped 0.73 pct to -0.48 pct.

On the less bullish side, though, an unexpectedly-high German CPI release on Wednesday suggests that the flash Eurozone figure out on Thursday will rise more than expected to zero, although that is still far too low for the ECB.