FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The German bunds traded narrowly mixed Friday, succumbing to thin trading activity during a relatively quiet session that witnessed data of little significance. Also, the market now looks ahead to the ECB monetary policy meeting, which is scheduled to take place next week on December 8.
The yield on the benchmark 10-year bond, which moves inversely to its price, fell 2 basis points to 0.33 percent, the yield on long-term 30-year note dipped 2-1/2 basis points to 1 percent and the yield on short-term 2-year bond inched 1/2 basis point to -0.74 percent by 09:40 GMT.
The German bunds have been closely following developments in the U.S. debt market. The United States benchmark 10-year Treasury yield climbed to 2.43 percent, highest since July last year.
In addition, crude oil prices fell more than 1 percent as investor booked profit after a long rally post-OPEC deal. The International benchmark Brent futures fell 1.09 percent to $53.35 and West Texas Intermediate (WTI) dipped 0.80 percent to $50.65 by 04:30 GMT.
The European Central Bank is expected to announce a six-month extension to its quantitative easing program next week, according to a majority of economists polled by Reuters, who also expect the bank to keep the size of its monthly asset purchases unchanged, Reuters reported
We also foresee that the European Central Bank is expected to keep its interest rate unchanged with maintaining the QE 80 billion euros a month as the Eurozone inflation hit a 31-month high in November, data showed on Wednesday.
Eurozone consumer prices rose 0.6 percent y/y in November from 0.5 percent a month earlier, the Eurostat data showed, in line with analysts' expectations and the highest reading since April 2014.
Meanwhile, the German stock index DAX Index traded 1.01 percent lower at 10,428.05 by 09:40 GMT. While at 09:00 GMT, the FxWirePro's Hourly Euro Strength Index stood neutral at +15.83 (higher than +75 represents bullish trend).
