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The German bunds remained tad higher during European trading session Friday after investors have shrugged-off the rise in Eurozone’s consumer price inflation for the month of December, released today.
The German 10-year bond yield, which move inversely to its price, slipped nearly 1 basis point to -0.222 percent, the yield on 30-year note suffered nearly 1-1/2 basis points to 0.292 percent and the yield on short-term 2-year too tad down at -0.599 percent by 11:15GMT.
The euro area annual inflation rate was 1.3 percent in December 2019, up from 1.0 percent in November. A year earlier, the rate was 1.5 percent. European Union annual inflation was 1.6 percent in December 2019, up from 1.3 percent in November. A year earlier, the rate was 1.6 percent, as per data published by Eurostat, the statistical office of the European Union.
While the lowest annual rates were registered in Portugal (0.4 percent), Italy (0.5 percent) and Cyprus (0.7 percent), the highest annual rates were recorded in Hungary (4.1 percent), Romania (4.0 percent), Czechia and Slovakia (both 3.2 percent). Compared with November, annual inflation fell in two Member States, remained stable in three and rose in twenty-three.
In December, the highest contribution to the annual euro area inflation rate came from services (+0.80 percentage points, pp), followed by food, alcohol & tobacco (+0.38 pp), non-energy industrial goods (+0.12 pp) and energy (+0.02 pp).
Meanwhile, the German DAX edged tad 0.63 percent higher to 13,515.10 by 11:20GMT.
