German yields near two-week lows

The prospect of more European Central Bank easing kept German yields near two-week lows on Thursday, even as the United States posted stronger-than-expected core inflation. ECB governing council member Ewald Nowotny, who is also Austria's central bank governor, said new efforts were needed to boost consumer prices in the euro zone, which should include both structural reforms and measures to strengthen demand.
Yields rose briefly after data showed that in the 12 months through September, core inflation in the United States rose the most since July 2014, supporting the case for a rise in US interest rates. But focus quickly returned to the potential for easing in Europe. At 1445GMT, Bund yields were 1 basis point higher at 0.55 percent. US equivalents were up 4 bps at 2.03 percent.