FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The German bunds gained Monday as crude oil prices fell below $50 a barrel following news that Iraq will increase crude exports. The yield on the benchmark 10-year bond fell 2 basis points to -0.056 percent, the yield on long-term 30-year note dipped 2-1/2 basis points to 0.447 percent and the yield on short-term 2-year bond slid ½ basis point to -0.615 percent by 09:20 GMT.
The German bunds have been closely following developments in oil markets because of their impact on inflation expectations. The crude oil prices declined more than 1 percent as Iraq prepared to increase its exports and renewed concerns that upcoming producer talks will not rein in oversupply. The International benchmark Brent futures fell 1.91 percent to $49.90 and West Texas Intermediate (WTI) dipped 1.50 percent to $47.79 by 09:20 GMT.
Moreover, the leaders of Germany, France and Italy, Merkel, Hollande and Renzi will meet Monday to discuss how to keep the European project together in the second set of talks between the premiers of the Eurozone's three largest economies since Britain's Brexit vote.
Further, Officials in Brussels and Berlin fear the June 23 vote could lead to a referendum in the Netherlands, a founding member of the union - on whether to also leave the bloc.
Lastly, investors will remain keen to focus on the upcoming economic data, highlighted by PMIs, Q2 GDP, Business expectations, Ifo Business Climate and GfK German consumer climate.
Meanwhile, the German stock index DAX Index traded 0.35 percent higher at 10,582.40 by 09:20 GMT.
