Euro zone bonds steady ahead of German inflation data

Euro zone government bond yields held steady near recent highs on Tuesday ahead of the release of German consumer price data, with polls suggesting that inflation in Europe's largest economy will overshoot the European Central Bank's target for the bloc. Investors have been keeping a close eye on inflation figures and what they may mean for continued central bank stimulus, and German consumer prices have been consistently above the ECB's target of just below 2%. Various other German states are due to report their own inflation figures through the day, and the country's most populous state, North Rhine Westphalia (NRW), has already recorded inflation of 2.5% in June compared to a year before.

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