Euro zone 社債 産する／生じるs lurch higher after U.S. インフレーション data
By Amanda Cooper
LONDON, Feb 14 (Reuters) - Euro zone 社債 産する／生じるs rose in whippy 貿易（する） on Tuesday after U.S. インフレーション data showed 消費者 price 圧力s 緩和するd for some goods and services, but 加速するd for others.
Headline インフレーション rose faster than 推定する／予想するd in January, but at its slowest 率 since late 2021, 最高潮の場面ing that the 全体にわたる 傾向 is 長，率いるing lower, but price 圧力s are not 緩和 やめる as quickly as some had hoped.
財務省 prices 最初 決起大会／結集させるd, 押し進めるing 産する／生じるs lower on the day, before 逆転するing course, 誘発するing a 類似の reaction in euro zone 負債.
German 10-year 産する／生じるs were last up 2 basis points on the day at 2.391%, having risen by as much as 5.6 bps after the data. （判断の）基準 10-year 財務省s were last flat at 3.7206%, having ricocheted off a 開会／開廷／会期 low of 3.622% すぐに after the インフレーション 報告（する）／憶測 to an intraday high of 3.759% around an hour later.
"The Fed have 明確に said they need to see more 証拠 that (インフレーション) is coming 負かす／撃墜する. I don't think they got that 証拠 from today's data, so I think it's （疑いを）晴らす they will continue 引き上げ（る）ing," Nordea 長，指導者 分析家 Jan 出身の Gerich said.
The spread between 10-year Bunds and 10-year 財務省s lurched to an intraday low of 121.13 bps すぐに after the 消費者物価指数 報告（する）／憶測, before snapping 支援する to around 133.18 bps - standing little changed on the day.
Euro money markets have been 刻々と pricing in a higher 終点 率 for the European Central Bank over the last week, since policymakers 押し進めるd 支援する against 期待s for 利益／興味 率s to 頂点（に達する） 比較して soon.
によれば ECB euro short-称する，呼ぶ／期間／用語 率 (ESTR) 今後s, the ESTR will 頂点（に達する） in September above 3.5%, up from a 頂点（に達する） of 3.3% just two weeks ago.
The ESTR published by the ECB 反映するs the 卸売 euro unsecured 夜通し borrowing costs of banks. It is usually around 10 basis points (bps) below the deposit 率, so the 3.5% ESTR 率 暗示するs 期待s for a deposit 率 above 3.6%.
The short end of the curve is 自然に more 極度の慎重さを要する to 転換s in 期待s for 利益／興味 率s. A jump in U.S. short-称する，呼ぶ／期間／用語 率s has a knock-on 影響 on euro zone 負債.
Two-year Schatz 産する／生じるs 攻撃する，衝突する a 14-year high of 2.815% and was last up 3 bps on the day at 2.812%.
"We find an even stronger 事例／患者 for the repricing higher in European 率s as the ECB is still behind the Fed in its fight against インフレーション," ING strategists led by Padraig Garvey said in a 公式文書，認める ahead of the インフレーション numbers.
Italy´s 10-year 産する／生じる rose by as much as 5 bps after the U.S. data before 退却／保養地ing to 貿易（する） flat on the day at 4.186%, leaving the spread to German 10-year 産する／生じるs at 176.10 bps, 概略で 不変の from where it was before the インフレーション 報告（する）／憶測. (報告（する）／憶測ing by Stefano Rebaudo, editing by Christian Schmollinger, Emelia Sithole-Matarise and Christina Fincher)
