German CPI figures were in line with expectations in February, rising by 1.2% on yearly basis, while rising by 0.5% on a monthly basis, the same as in January.
Markets are looking towards the 30-year German bond auction later today. Yields on 10-year which moves inversely with its prices rose by 0.62%, while yields on 30-year bonds fell to 1.27%, while the yield on two-year bonds settled at 0.57%.
