German 10-year bond yields hit 5-week low, strong PMI stems fall
- Still, IHS Markit's flash composite PMI, a closely-tracked economic indicator, bounced above the 50 mark separating growth from contraction to 52.5 in March compared to February's 48.8, its highest since late 2018.
- Signs of a pick-up in the pace of the European Central Bank's bond purchases have also supported bond markets.
