German bunds remain mixed ahead of March unemployment rate, consumer inflation

The German bunds remained narrowly mixed Wednesday as investors await the country’s unemployment rate and the consumer price inflation, during the month of March, scheduled to be released March 30 and 31 respectively.

The yield on the benchmark 10-year bond, which moves inversely to its price, jumped nearly 2 basis points to 0.38 percent, the long-term 30-year bond yields traded nearly flat at 1.13 percent while the yield on short-term 3-year bond traded 1 basis point lower at -0.59 percent by 08:30 GMT.

Germany's inflation accelerated as estimated in February, final data from Destatis showed Tuesday. The consumer price index inflation rose to 2.2 percent from 1.9 percent in January. The rate came in line with the flash estimate published on March 1.

The latest inflation figure was the highest since August 2012, when it was the same. A higher figure of 2.4 percent was seen in November 2011. Compared to the previous month, the CPI rose 0.6 percent in February as estimated, offsetting January's 0.6 percent decline.

Meanwhile, the German stock index DAX Index traded 0.59 percent higher at 12,221 by 08:30 GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained slightly bearish at -95.91 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex