Eurozone Government Bond Yields Rise Ahead of U.S. CPI Data

Dow Jones
08/12

0654 GMT - Yields on eurozone government bonds rise as investors exercise caution ahead of U.S. CPI inflation data due to be released at 1230 GMT. The data could provide clues on whether or not the U.S. Federal Reserve "might bring forward an interest-rate hike as soon as [September]", IG analysts say in a note. Markets are pricing a 52.5% chance of a September rate increase by the Fed, LSEG data show. Ten-year Bund yields rise 1.1 basis points to last trade at 3.159%, Tradeweb data show. Ten-year French government bond yields climb 1.2bps to 3.978%.

 

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