EU Bond Yields Steady Amid Cooling US Inflation and Stable Oil Prices

Thursday's euro zone bond yields remained steady as oil prices held firm and U.S. inflation data showed cooling underlying price pressures.

The 10-year yield in Germany, a key player in the euro zone, remained stable at 3.157%.

Investors closely watched Wednesday's U.S. consumer price inflation data, which indicated subdued underlying price pressures and prompted markets to reduce the likelihood of a Federal Reserve rate hike next month.

The chances of a rate increase at the Fed's mid-September meeting dropped from about 50% to roughly 35%, according to market expectations.