The German bunds traded nearly flat Thursday, succumbing to thin trading activity during a relatively quiet session that witnessed data of little significance. Also, investors wait to watch second-quarter consumer inflation and July gross domestic product (GDP), which is scheduled to be released on Friday.
The yield on the benchmark 10-year bond hovered around -0.11 percent mark, the yield on short-term 30-year note dipped 1/2 basis point to 0.389 percent and the yield on short-term 2-year bond remained steady at -0.636 percent by 08:50 GMT.
The German bonds have been closely following developments in oil markets because of their impact on inflation expectations. The crude oil prices declined more than 1 percent after API data showed a rise in US crude inventories.
The US inventories rose by 2.09 million barrels last week, the American Petroleum Institute was said to report. The International benchmark Brent futures fell 1 percent to $43.66 and West Texas Intermediate (WTI) dipped 1.22 percent to $41.20 by 08:50 GMT.
Meanwhile, the German stock index DAX Index traded 0.23 percent higher at 10,676 by 08:50 GMT.
