German Federal Bonds: Yields climb, inflation rate stable

On today's trading day, German federal bonds had to accept a weakening, with the benchmark Euro-Bund Future falling by 0.18 percent to a level of 131.06 points by midday. Notably, there was a surge in the yield of the ten-year federal bonds, which reached a height of 2.48 percent. Market observers initially recorded a certain disorientation in the market, as tangible news was lacking that could have invigorated the prices. The second estimate of consumer prices in the Eurozone for the month of April, released during the morning, did not manage to cause any significant movements. The inflation rate remained unchanged at 2.4 percent, thus corresponding to the previously made initial estimates. Meanwhile, the European Central Bank (ECB) provided signs of an impending interest rate change. Concrete indications of a possible rate cut as early as next June became known, setting the market on edge. However, ECB director Isabel Schnabel made cautious remarks in an interview regarding interest rate development after June, describing it as 'much more uncertain'. She referred to the ongoing high inflation within the Eurozone in her comments. Looking across the Atlantic, there are no significant economic data on the agenda in the USA this afternoon, apart from an index that reflects already known sentiment values. However, the planned public appearances of some representatives of the US Federal Reserve could be of greater interest, as they may provide new impulses for the bond market.