German bund yields rise after inflation data

Bund prices dropped, pushing yields higher after Eurostat data published an upwardly revised Eurozone harmonized inflation data for March.

At the time of writing, benchmark 10-yr yield was trading more than one basis point higher at 0.151%. Yields at the short-end of the curve were lagging, thereby leading to steepening of the yield curve.

On monthly basis, Eurozone prices were up 1.2% as compared to 0.2% in February. On annually basis, CPI stood flat at 0 pct, from down 0.1 pct in February and core-CPI grew 1% y/y.