Eurozone Core Harmonized Index of Consumer Prices (YoY) in line with forecasts (2.3%) in January

Commerzbank Rates Strategist Hauke Siemßen notes that the 30y Bund yields are testing their highest levels in 15 years, with bearish steepening dynamics in the market. The analysis highlights strong demand for recent syndications, particularly the BTP orderbook, which was notably robust.