German bunds flat in muted trading after wholesale price index beats estimates in January

The German bunds remained flat in a muted trading session that witnessed the least participation from investors. However, the 1-tier wholesale price index (WPI) data for the month of January topped market expectations, coming in at 0.9 percent m/m, vs consensus estimates of 0.2 percent m/m, from down -0.3 percent m/m in December.

The German 10-year bond yields, which move inversely to its price, fell nearly 1-1/2 basis points to 0.74 percent, the yield on 30-year note also slid 1-1/2 basis points to 1.38 percent and the yield on short-term 2-year traded tad lower at -0.50 percent by 08:40GMT.

Meanwhile, the German DAX fell 0.65 percent to 12,421.16 by 08:45GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 10.43 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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