12:38 PM EDT, 06/10/2025 (MT Newswires) -- German Bunds followed United Kingdom Gilts higher on Tuesday, even as Italian industrial production data beat expectations, said Daiwa Capital Markets.

Gilts made larger gains after the U.K. labor market reported a slowdown in pay growth and further declines in payrolls and job vacancies, noted the bank.

The European Central Bank's updated wage tracker will be published on Wednesday, when the U.K. government will announce its spending review, ahead of Thursday's monthly gross domestic product figures, added Daiwa.

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