The German bunds gained Tuesday after recent data showed that the country’s gross domestic product (GDP) growth slowed more than expected in the third quarter.
The yield on the benchmark 10-year bond, which moves inversely to its price, fell 3-1/2 basis points to 0.301 percent, the yield on long-term 30-year note dipped 4-1/2 basis points to 0.927 percent and the yield on short-term 3-year bond slid 1 basis point to -0.621 percent by 08:50 GMT.
Germany’s gross domestic product rose less-than-expected in the last quarter to a seasonally adjusted 0.2 percent, lower than the market consensus of 0.3 percent increase, from 0.4 percent in the preceding quarter.
Rising apprehension from the 'Brexit' negotiations and continued structural weaknesses plus upcoming elections in many Eurozone countries add to the downside risks for the German economy.
The European Central Bank meets next month to review interest rates and its quantitative easing programme.
Investors remain keen to focus on the upcoming economic data and events, highlighted by Eurozone Q3 CPI, Eurozone CPI, German PPI followed by ECB President Mario Draghi and German Bundesbank President Jens Weidmann speech.
Meanwhile, the German stock index DAX Index traded 0.17 percent lower at 10,678 by 08:50 GMT. While at 09:00 GMT, the FxWirePro's Hourly Euro Strength Index remained slightly bullish at 78.70 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex


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