German bond yields edge lower as inflation angst subsides

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Reuters UK

By Stefano Rebaudo (Reuters) – Germany’s government bond yields edged lower on Monday, with gilts out of the spotlight, amid signals that the European Central Bank (ECB) might be on top of surging inflation. Gilt 2-year yield was down 9 basis points (bps) to 4.19% and the 10-year down 2 bps to 4.1%., after British Prime Minister Liz Truss reversed plans to cut the highest rate of income tax. “Gilts are no longer in the spotlight. The main issue for the euro area is still inflation after last week’s data,” Massimiliano Maxia, senior fixed income specialist at Allianz Global Investors, said. “Ev…

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