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The German bunds inched tad lower during European trading session Wednesday amid a muted day that witnessed data of little economic significance ahead of the country’s Unification Day tomorrow. However, slight attention shall be diverted towards the eurozone’s retail sales for the month of August, scheduled to be released on October 3 by 09:00GMT for further direction in the debt market.
The German 10-year bond yield, which move inversely to its price, edged 1 basis point up to -0.547 percent, the yield on 30-year note climbed a little over 1 basis point to -0.070 percent while the yield on short-term 2-year traded flat at -0.757 percent by 09:55GMT.
A quieter day for euro area data releases will bring just the Spanish labour market figures for September. In August, the number of people in registered unemployment rose for the third consecutive month, although this still left them almost 120k lower compared with a year earlier, Daiwa Capital Markets reported.
And while this morning’s non-seasonally adjusted figures suggested another rise in unemployment in September (adjusted figures will be published later today), employment maintained its steady upward trend of recent years rising in further 33k in September to 19.3mn, the highest level since April 2008 and just 100k below the previous peak, the report added.
Meanwhile, the German DAX suffered -1.16 percent to 12,120.29 by 10:05GMT.
