FRANKFURT (dpa-AFX) – German federal bonds extended their price gains from the previous day on Friday morning. In the morning, the trend-setting futures contract Euro-Bund-Future rose by 0.26 percent to 134.96 points. The yield on ten-year federal bonds fell to 2.25 percent.
On Thursday, federal securities reacted to statements from the European Central Bank (ECB) with price gains. ECB President Christine Lagarde left the question of future ones Interest rate cut although largely open. However, it did not decisively oppose current market expectations, according to which interest rate cuts of almost 1.5 percentage points are expected over the course of the year.
At the end of the week there are some noteworthy economic data on the agenda. Data on credit and money supply is expected in the euro area, which is relevant for the direction of the ECB. In the USA, the PCE price index is on the program, which is given particular attention by the Federal Reserve. The index is calculated slightly differently than usual consumer prices. The Fed will decide on its line next week.
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