The German bunds remained narrowly mixed Friday as investors traded sideways in muted session ahead of European Central Bank’s (ECB) policymaker Coeure’s speech, scheduled to be held today by 10:00GMT.
The German 10-year bond yields, which move inversely to its price, slipped nearly 1 basis point to 0.60 percent, the yield on 30-year note slumped 2 basis points to 1.28 percent and the yield on short-term 2-year traded flat at -0.56 percent by 07:30GMT.
On the divergence in ECB members’ views, ECB President Mario Draghi also clarified that “we’re not talking about deep, existential differences”, but “there may be differences when to say certain things”. On the exit strategy, he replied that “the discussion hasn’t really started” and “the only discussion that took place was about the need to have a discussion”
Meanwhile, the German DAX traded -0.87 percent lower at 13,298.36 by 07:35 GMT, while at 07:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 47.32 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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