欧元区5月通胀数据低于预期 欧债收益率全线下行

Core Points - Eurozone inflation rate dropped to 1.9% in May, exceeding expectations and falling below the European Central Bank's (ECB) target of 2% [1][2] - Following the inflation data release, yields on Eurozone bonds, including German, Italian, and French bonds, decreased [1] - Economists had anticipated a 2% inflation rate for May, while the previous month's rate was 2.2% [2] Group 1: Inflation Data - Eurozone inflation rate for May was reported at 1.9%, down from 2.2% in April [1][2] - The decline in inflation is significant as it moves closer to the ECB's target of 2% [1] Group 2: Bond Yields - 10-year German bond yield fell by 2.1 basis points to 2.503% [1] - Other bond yields also saw declines, with 10-year Italian bond yield down 1.6 basis points to 3.495% and 10-year French bond yield down 1.3 basis points to 3.174% [1] Group 3: ECB's Monetary Policy - The ECB is expected to consider the latest inflation data in its upcoming interest rate decision [3] - Market pricing indicates a 95% probability of a 25 basis points rate cut by the ECB [3] Group 4: Economic Outlook - The European Commission is advocating for the U.S. to reduce or eliminate tariffs despite potential increases in steel and aluminum tariffs [4] - The OECD projects Eurozone economic growth of 1% in 2025, with inflation expected to reach 2.2% this year [4]