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.


Oil Prices Fall as U.S. Crude Inventories Rise, Middle East Risks Persist
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision
US Stocks Rise Ahead of Fed Rate Decision
Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise
East Germany Narrows Economic Gap With West but Wealth Divide Persists
Vietnam, U.S. Firms Plan 29 Deals Across Energy, Tech and Aviation
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike
Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing
China Industrial Output Beats Forecasts as Exports Support Growth
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 



