Daiwa Comments on Thursday's Gemany Bunds, U.K. Gilts

12:05 PM EST, 02/12/2026 (MT Newswires) -- German Bunds were little changed on Thursday on a quiet day for economic news from the eurozone, said Daiwa Capital Markets.

The highlight of Friday's eurozone dataflow will be the updated estimates of Q4 gross domestic product, noted the bank. As usual, its release will be accompanied by the first estimates of employment growth last quarter. The preliminary figures suggested that GDP growth sustained a 0.3% quarter-over-quarter expansion in Q4, slightly better than the European Central Bank's projection and Bloomberg survey consensus.

The second estimate will factor in additional data from December's available retail sales, production and goods trade figures. But Daiwa doesn't expect any revision to the headline GDP figure.

Gilts made gains on Thursday as the United Kingdom's gross domestic product growth remained sluggish in Q4, slightly undershooting the Bank of England's projection, stated Daiwa.

In terms of the economic data, it should be a quiet end to the week for the U.K., added the bank. However, a speech by BoE Chief Economist Huw Pill, who was unsurprisingly among the five MPC members who voted to hold rates last week, may offer some additional insights into his monetary policy views and interpretation of the BoE's latest macroeconomic projections.

Given his hawkish stance, Daiwa cautioned that his perspective is unlikely to be representative of the median MPC voter, and so shouldn't be decisive for near-term policy decisions.

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