Germany’s government bonds were little changed before a report next week economists said will confirm consumer-price growth in the euro area slowed in the 12 months through January.
Benchmark 10-year yields were about nine basis points from the lowest level since August. The annual inflation rate in the euro region fell to 0.7 percent last month from 0.8 percent in December, according to the median forecast in a Bloomberg News survey of analysts before the European Union’s statistics office in Luxembourg releases the data on Feb. 24.
Germany’s 10-year bund yielded 1.69 percent as of 7:20 a.m. London time. The rate dropped to 1.60 percent on Feb. 5, the least since Aug. 1. The price of the 1.75 percent bond due in February 2024 was 100.74.
German bonds returned 1.8 percent this year through yesterday, according to Bloomberg World Bond Indexes. Italian securities earned 3 percent, while Spain’s gained 3.6 percent.