Interest on European debt picks up again awaiting the ECB and inflation By EFE

Madrid, Oct 28 (.) .- The profitability of European sovereign bonds rebounded again this Thursday while waiting to know the conclusions of the monetary policy meeting of the European Central Bank (ECB) and the advance data of German inflation.

Just at the opening of the session it was known that in Spain, prices grew by 5.5% in October, their highest rate since 1992, driven by the rise in electricity and fuel prices.

The National Statistics Institute (INE) has published this Thursday the advance of the CPI for October, a figure that, if confirmed on November 12, would consolidate the acceleration of inflation in recent months, which is increasingly intense.

While waiting for the advance data of the IPC in Germany corresponding to October to be published, the yield of the sovereign bonds of the Old Continent rose this Thursday after falling sharply in the previous session.

The yield that rises the most is that of the German ten-year bond, considered the safest in Europe, which is revalued by more than 10%, to -0.161%, compared to -0.180% previously.

In the case of Spain, the yield on debt again exceeds 0.5%, compared to the previous 0.470%, which is 6% higher.

Italian debt also rises to 0.981% (0.943%); the Greek up to 1.018% (1.008%), and the Portuguese, up to 0.406% (0.372%).

In the US, ten-year bonds are climbing for the first time in four sessions, although they do so slightly, to 1.547%, compared to 1.543% previously.

Analysts explain that the continuous rise in energy prices is the main factor of concern for operators who closely monitor inflation, and the consequences that its rise may have on the monetary policy of central banks.

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