After UK inflation data came in lower than expected, Eurozone bond yields fell.

The yield on Eurozone government bonds fell in early trading, influenced by weaker-than-expected UK inflation data. The UK's year-on-year CPI inflation rate remained at 2.8%, while it was expected to rise to 3.0%. Aberdeen's Luke Bartholomew stated in a report that as a result, the pressure for the Bank of England to raise interest rates this year will "continue to diminish." He said that the Bank of England is expected to keep rates unchanged on Thursday, although there may still be one or two policymakers voting in favor of a rate hike. The yield on 10-year German government bonds fell by 2.2 basis points to 2.920%.