The yield on the 10-year German Bund consolidated gains above the 2.5% mark, touching its highest level since late November, as investors digested better-than-expected flash PMI figures from Europe's largest economies. The latest PMI figures indicated that Eurozone business activity grew in April by the most in nearly a year, driven by a surge in service sector output. Additionally, Germany, Europe's largest economy, expanded for the first time in 10 months, although the manufacturing sector remained deeply in contraction territory. Still, on the policy front, a slowing inflation rate in Europe, along with dovish remarks by ECB policymakers, suggests a probability of three ECB rate cuts in total for the year, with the first cut potentially delivered as soon as June. Now investors await a key inflation indicator from the US, due Friday, for further insights into the monetary policy direction of major central banks.
Germany 10Y Bond Yield was 2.59 percent on Wednesday April 24, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Germany 10 Year Bund Government Bond Yield reached an all time high of 9.13 in September of 1990. Germany 10 Year Bund Government Bond Yield - data, forecasts, historical chart - was last updated on April 25 of 2024.
Germany 10Y Bond Yield was 2.59 percent on Wednesday April 24, according to over-the-counter interbank yield quotes for this government bond maturity. The Germany 10 Year Bund Government Bond Yield is expected to trade at 2.23 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.03 in 12 months time.