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German bunds maintain cautious trade on upbeat producer prices; investors eye 10-year auction

The German bunds maintained cautious trade Monday, following upbeat producer prices during the month of February. Also, investors remain keen to watch the 10-year auction, scheduled to be held on March 22 which will remain crucial in determining the future direction of the bond market.

The yield on the benchmark 10-year bond, which moves inversely to its price, jumped nearly 2 basis points to 0.44 percent, the long-term 30-year bond yields climbed 1-1/2 basis points to 1.18 percent and the yield on short-term 3-year bond also traded 1-1/2 basis points higher at -0.65 percent by 10:00 GMT.

Germany's producer prices increased at the fastest pace in more than five years in February, figures from Destatis showed Monday. Producer prices advanced 3.1 percent in February from prior year, the fastest since December 2011, when prices gained 3.5 percent. Prices had climbed 2.4 percent in January.

Meanwhile, the German stock index DAX Index traded 0.37 percent lower at 12,051.50 by 10:10 GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -4.93 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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June 27 08:00 UTC Released

ITConsumer Confidence

Actual

106.4 %

Forecast

106.2 %

Previous

105.4 %

June 27 08:00 UTC Released

ITMfg Business Confidence

Actual

107.3 %

Forecast

106.7 %

Previous

106.9 %

June 27 10:00 UTC 7676m

GBCBI Distributive Trades

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Forecast

2 %

Previous

2 %

June 27 12:55 UTC 251251m

USRedbook MM

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Forecast

Previous

0.7 %

June 27 12:55 UTC 251251m

USRedbook YY

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Forecast

Previous

2.8 %

June 27 12:55 UTC 251251m

USRedbook MM

Actual

Forecast

Previous

0.7 %

June 27 12:55 UTC 251251m

USRedbook YY

Actual

Forecast

Previous

2.8 %

June 27 13:00 UTC 256256m

USTrade Balance SA*

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Forecast

0.9 bln $

Previous

1.0 bln $

June 27 13:00 UTC 256256m

USCaseShiller 20 MM SA

Actual

Forecast

Previous

0.617 %

June 27 13:00 UTC 256256m

USTrade Balance SA*

Actual

Forecast

Previous

-0.297 bln $

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