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The German bunds sunk on the last trading day of the year as investors remain keen to watch the country’s consumer price-led inflation index (CPI) for the month of December, scheduled to be released today by 13:00GMT ahead of a long-standing New Year holiday.
The German 10-year bond yields, which move inversely to its price, rose 1 basis point to 0.43 percent, the yield on 30-year note jumped nearly 1-1/2 basis points to 1.25 percent and the yield on short-term 2-year traded nearly 1 basis point higher at -0.60 percent by 08:15GMT.
Meanwhile, the German DAX fell 0.13 percent to 12,962.00 by 08:20 GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -40.64 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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