November 29, 2017 / 1:29 PM / a year ago

German Bund yields extend rise after inflation data

LONDON, Nov 29 (Reuters) - A selloff in German government bonds accelerated on Wednesday after stronger-than-expected inflation numbers, putting yields on track for their biggest one-day rise in almost three weeks.

German inflation accelerated ahead of expectations in November, the Federal Statistics Office said, with consumer prices rising 1.8 percent year-on-year, compared to the 1.7 percent forecast by analysts polled by Reuters.

German 10-year bond yields rose to a session high of 0.38 pct after the data. They were up 4 basis points on the day, and set for the biggest one-day jump since Nov. 9, according to Tradeweb data. (Reporting by Dhara Ranasinghe; editing by Sujata Rao)

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