European bonds, stocks, euro rally on softer U.S. CPI
Germany’s 10-year bond yield was down 8.5 bps on the day at 0.837%, having traded at around 0.92% prior to the data. Moves on U.S. Treasuries were even bigger with 10-year yields last down 11 bps at 2.69%%.The dollar index, which tracks the greenback against six peers plunged 1.2% to 104.97, its lowest since early July, as the euro, pound and yen all gained over 1%.
