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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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March 24 14:30 UTC Released

USECRI Weekly Annualized*

Actual

9.0 %

Forecast

Previous

9.6 %

March 24 14:30 UTC Released

USECRI Weekly Index*

Actual

144.6 %

Forecast

Previous

145.5 %

March 27 08:00 UTC 19381938m

DEReal GDP YY*

Actual

Forecast

111.0 %

Previous

111.0 %

March 27 08:00 UTC 19381938m

EZIfo Expectations*

Actual

Forecast

104.0 %

Previous

104.0 %

March 27 08:00 UTC 19381938m

DEIfo Expectations*

Actual

Forecast

104.3

Previous

104.0

March 27 08:00 UTC 19381938m

DEIfo Current Conditions*

Actual

Forecast

118.3 %

Previous

118.4 %

March 27 09:00 UTC 19981998m

EZIfo Expectations*

Actual

Forecast

4.9 %

Previous

4.9 %

March 27 09:00 UTC 19981998m

TRLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 19981998m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 19981998m

EZLoans to Households*

Actual

Forecast

2.3 %

Previous

2.2 %

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