Eurozone Bond Yields Slightly Decline Amid Inflation Expectations

Eurozone government bond yields experienced a slight decline during early trading, indicating market expectations of a decrease in January's inflation preliminary figures. According to Jin10, analysts surveyed by The Wall Street Journal anticipate a year-on-year increase of 1.8% in the Harmonized Consumer Price Index for January, which is below the European Central Bank's target level of 2.0%. Data from the London Stock Exchange Group shows that the yield on Germany's 10-year government bond fell by 0.6 basis points to 2.882%. Meanwhile, the bond market is seeing new supply: Belgium plans to issue a new 30-year government bond maturing in June 2056 through a syndicate, and Germany will auction federal bonds maturing in November 2032. The yield on Belgium's previously issued 30-year OLO bond maturing in June 2055 decreased by 1 basis point to 4.312%.