The German bunds jumped during European session Tuesday as investors await the country’s 10-year auction and the manufacturing PMI for the month of October, scheduled for October 23 by 09:40GMT and October 24 by 08:30GMT respectively amid ongoing worries concerning Brexit deal ahead of the October 31 deadline.
The German 10-year bond yield, which move inversely to its price, slumped 2-1/2 basis points to -0.369 percent, the yield on 30-year note plunged 4 basis points to 0.134 percent and the yield on short-term 2-year traded nearly 2 basis points lower at -0.667 percent by 10:30GMT.
Buoyed by the increased prospect of an orderly Brexit (albeit one that will be economically and politically damaging over the long term), as well as some positive comments on US-China trade from President Trump to suggest that negotiations are progressing, US stocks joined those in Europe by making decent gains yesterday (the S&P500 closed up 0.7 percent), Daiwa Capital Markets reported.
Meanwhile, the German DAX remained tad 0.23 percent higher at 12,776.81 by 10:35GMT.


Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns
Gold Prices Climb as Middle East Ceasefire Talks Stir Market Optimism
Gold Prices Surge on U.S.-Iran Ceasefire Reports
Australia-EU Free Trade Deal Signed After Years of Negotiations
Australia's Inflation Eases in February but Core Pressures Persist
Asian Stocks Gain Amid Iran Conflict Uncertainty
Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain
FxWirePro: Daily Commodity Tracker - 21st March, 2022 



