Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

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

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

January 18 15:30 UTC Released

USNat Gas, Change Bcf

Actual

-183 Cubic feet

Forecast

-199 Cubic feet

Previous

-359 Cubic feet

January 18 13:30 UTC Released

USPhilly Fed Capex Index

Actual

36.2 Mln

Forecast

Previous

38 Mln

January 18 21:30 UTC 336336m

NZManufacturing PMI

Actual

Forecast

Previous

57.7 0

January 19 07:00 UTC 906906m

DEProducer Prices MM

Actual

Forecast

Previous

0.1 %

January 19 07:00 UTC 906906m

DEProducer Prices YY

Actual

Forecast

Previous

2.5 %

January 19 08:00 UTC 966966m

HUGross Wages YY

Actual

Forecast

Previous

12.8 0

January 19 09:00 UTC 10261026m

EZCurrent Account NSA,EUR

Actual

Forecast

Previous

35.9 Bln EUR

January 19 09:00 UTC 10261026m

EZCurrent Account SA, EUR

Actual

Forecast

Previous

30.8 Bln EUR

January 19 09:30 UTC 10561056m

GBRetail Sales MM

Actual

Forecast

Previous

1.1 %

January 19 09:30 UTC 10561056m

GBFuel MM

Actual

Forecast

Previous

1.2 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.