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German bonds give way somewhat message


FRANKFURT (dpa-AFX) – The prices of German government bonds fell slightly in early trading on Wednesday. The trend-setting Euro Bund future fell in the morning by 0.03 percent to 176.11 points. The yield on the ten-year federal bond was minus 0.45 percent.

According to market observers, fixed-income securities have recently been burdened by better-than-expected economic data, which point to an economic recovery after the slump in the Corona crisis. The Federal Statistical Office reported an unexpectedly strong increase in sales in German retail on Tuesday morning in May.

Further important economic data from the Euro zone and the USA, which could provide new impulses on the German bond market. In the common currency area, investors are waiting for data on the mood of purchasing managers in industry. In the USA, a well-observed indicator for the mood of purchasing managers and data on the development of the American labor market is also published./jkr/mis

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