German Debt Is Scooped Up After Inflation Shows Cooling Signs

Investors will be glued to the ECB’s central-banking conference in Sintra, Portugal for clues on the outlook for monetary policy.
German Debt Is Scooped Up After Inflation Shows Cooling Signs

The Reichstag building in Germany, Berlin (Christoph Soeder/dpa via AP)

German bonds and their euro-area peers surged as investors scooped up the region’s debt after inflation in one German state fell in June for the first time since the start of the year, indicating a lower-than-forecast national figure.

Benchmark 10-year borrowing costs slumped by as much as eight basis points to 1.55%, while their Italian counterparts slid 12 basis points, narrowing the premium between the pair by five basis points. 

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