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The German bunds remained flat during early European session of the last trading day of the week Friday amid a silent trading day that witnessed data of little economic significance after the country’s GfK consumer climate index for the month of January, disappointed market sentiments ahead of a long-awaited Christmas week holiday.
The German 10-year bond yield, which move inversely to its price, hovered around -0.233 percent, the yield on 30-year note remained flat at 0.289 percent while the yield on short-term 2-year barely slipped 1 basis point to -0.637 percent by 07:25GMT.
Global equity market extended the rally on Thursday on the back of optimism of trade deal despite mixed US data. US Treasury Secretary Steven Mnuchin said the phase one trade deal will be signed at the beginning of January as the deal was completely finished. US initial weekly jobless claims fell by 18K to 234K although continuing claims rose from 1.667 million to 1.722 million, OCBC Treasury Research reported.
Today, markets will be watching out for the revised US and UK GDP and also any updates on the impeachment process against Trump, the report added.
Meanwhile, the German DAX edged tad -0.08 percent down to 13,211.96 by 07:30GMT.
