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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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April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 9595m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 9595m

CNNBS Manufacturing PMI*

Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 14451445m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 14751475m

KRExport Growth Prelim*

Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 14751475m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 14751475m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 15051505m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 15051505m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

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