The 3-Year Government Bond Yield series for Eurozone is a key macroeconomic indicator published monthly by the national statistics authority or the European Central Bank. It is available via the FXMacroData API at /api/v1/announcements/eur/gov_bond_3y.
Why FX traders watch it
Eurozone's 3-Year Government Bond Yield is monitored by the European Central Bank when assessing the health of the economy and calibrating monetary policy. Surprises relative to consensus can move the eur in the short term.
How to interpret the data
A reading above market expectations typically signals stronger-than-anticipated conditions and is broadly supportive of the eur. A miss versus consensus can shift rate expectations and weigh on the eur.