FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The German bund yields slumped Thursday after uncertainty hovered around United States’ fiscal policies post the speech of the President-elect Donald Trump at his first news conference on Wednesday. The benchmark stock index slid as well, following this, which further weighed on bund yields.
The yield on the benchmark 10-year bond, which moves inversely to its price, fell 2-1/2 basis points to 0.22 percent, the long-term 30-year bond yield also plunged 4 basis points to 0.98 percent and the yield on short-term 2-year bond barely slid 1 basis point to -0.71 percent by 09:35 GMT.
The German government bunds have been closely following movements in the U.S. debt market. The U.S. benchmark 10-year bond yields fell 6 basis points to 2.33 percent, from yesterday’s high of 2.39 percent.
Moreover, Donald Trump in his public appearance said that he is handling over his personal businesses to his son to avoid future discrepancies. Regarding a relationship with Russia, he claimed that association with Vladimir Putin is an asset, rather than a liability.
Also, investors are now looking forward to a host of speeches from the Federal Open Market Committee (FOMC) members later in the day. Lastly, markets will also remain observant on the country’s wholesale price index, scheduled to be released on Friday.
Meanwhile, the German stock index DAX Index traded 0.62 percent down at 11,575 by 09:40 GMT, while at 9:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 7.35 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
