Economic news

Returns on European bonds at lowest in 3 moths

Returns on euro zone bonds stood around the minimums of three months today, pulled down by a decrease in core inflation, with Italian debt holding firm in view of a potentially acceptable budget for both Rome and Brussels.

This month’s core inflation in the euro zone, which the ECB monitors tightly, receded to 1.1%, while forecasts had projected an uptick.

Germany’s 10-year government bonds inched lower to 0.315%, giving up 0.01%, and posting a record low reading from late August, with the 5-year bonds sliding to the three-month minimum at -0.268%.

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