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German bunds trade higher post steady Eurozone March CPI; investors eye April manufacturing PMI

The German bunds traded higher Wednesday after reading the Eurozone’s March steady consumer price inflation (CPI) data. Also, investors are eyeing the country’s manufacturing PMI for the month of April, scheduled to be released on April 21 for further direction in the debt market.  

The yield on the benchmark 10-year bond, which moves inversely to its price, rose nearly 1 basis point to 0.18 percent, the long-term 30-year bond yields also climbed nearly 1 basis point to 0.90 percent and the yield on short-term 2-year bond also jumped nearly 3 basis points to -0.82 percent by 09:10 GMT.

Consumer prices in the Eurozone rose by an annual rate of 1.5 percent in March, down from two percent in February, according to the European Commission. Core inflation, which strips out the effects of volatile components in the price index, fell to 0.7 percent for the same period. However, European Central Bank (ECB) officials still expect the zone’s inflation to average 1.7 percent this year.

Meanwhile, the German stock index DAX Index traded 0.23 percent higher at 12,029.25 by 09:30 GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 6.55 (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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October 19 14:00 UTC Released

USPhilly Fed Capex Index

Actual

-0.2 %

Forecast

0.1 %

Previous

0.4 %

October 19 13:00 UTC Released

RUCbank Wkly Reserves*

Actual

427 Bln USD

Forecast

Previous

423.3 Bln USD

October 20 06:00 UTC 5757m

DEProducer Prices MM

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0.1 %

Previous

0.2 %

October 20 06:00 UTC 5757m

DEProducer Prices YY

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Forecast

2.9 %

Previous

2.6 %

October 20 08:00 UTC 177177m

EZPhilly Fed New Orders

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Forecast

Previous

32.5 Bln EUR

October 20 08:00 UTC 177177m

BRCurrent Account NSA,EUR*

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Forecast

Previous

32.5 Bln EUR

October 20 08:00 UTC 177177m

BRCurrent Account SA, EUR*

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Forecast

Previous

25.1 Bln EUR

October 20 08:00 UTC 177177m

EZCurrent Account SA, EUR*

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Forecast

Previous

25.1 Bln EUR

October 20 08:30 UTC 207207m

GBPSNB Ex Banks GBP

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Forecast

6.500 Bln GBP

Previous

5.669 Bln GBP

October 20 08:30 UTC 207207m

GBPSNB, MM GBP

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Forecast

Previous

5.093 Bln GBP

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