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Euro zone bond yields climb ahead of pivotal CPI data

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Euro zone government bond yields crept higher on Wednesday ahead of pivotal U.S. inflation data due later in the session which could provide an indication on how soon the Federal Reserve will pause its rate hiking cycle. Investors were also awaiting the minutes from the Fed’s most recent meeting, due at 1800 GMT, which could indicate how recent turmoil in the financial system will impact the path for monetary policy.

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