The German bunds remained mixed during afternoon session Wednesday ahead of the European Central Bank’s (ECB) Governor Christine Lagarde’s speech, due to be delivered today by 13:30GMT and the country’s employment report for the month of February, scheduled for release by end of this week .
The German 10-year bond yield, which move inversely to its price, hovered around -0.508 percent, the long-term 30-year yield rose 1 basis point to -0.023 percent and the yield on short-term 2-year suffered nearly 2 basis points to trade at -0.706 percent by 11:20GMT.
Another big risk off bout sent the S&P500 down 3 percent overnight and the 10-year UST bond yield to a fresh record low of 1.31 percent after the US CDC warned Americans to prepare for a Covid-19 outbreak, OCBC Treasury Research reported.
Notably, Nasdaq has also erased year-to-date gains. Whilst the WHO has warned of growing covid-19 risks, Fed’s Claudia still opined it is too soon to determine if the virus poses a material change to the US outlook, the report added.
Meanwhile, the German DAX lost over 1 percent to 12,642.16 by 11:30GMT.


Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
China Trade Surplus Beats Forecasts in July as Exports Stay Strong
Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 



