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The German bunds remained tad higher during European session of the last trading day of the week Friday after the European Central Bank (ECB) hinted at an extensive easing package in its forthcoming monetary policy meeting in September amid an otherwise, muted day that witnessed data of little economic significance.
The German 10-year bond yields, which move inversely to its price, hovered around -0.362 percent, the yield on 30-year note edged nearly 1 basis point lower to 0.233 percent while the yield on short-term 2-year traded nearly flat at -0.760 percent by 08:35GMT.
Following the excitement of yesterday’s ECB meeting, which provided a clear signal that an extensive easing package was likely forthcoming at September’s meeting, it should be a quieter end to the week in the euro area, with July national sentiment indices from France and Italy due alongside the publication of the ECB’s latest Survey of Professional Forecasters, Daiwa Capital Markets reported.
Meanwhile, the German DAX traded tad 0.19 percent higher at 12,388.02 by 08:40GMT.
