German bunds sink as investors await December consumer price inflation ahead of New Year holidays

The German bunds sunk on the last trading day of the year as investors remain keen to watch the country’s consumer price-led inflation index (CPI) for the month of December, scheduled to be released today by 13:00GMT ahead of a long-standing New Year holiday.

The German 10-year bond yields, which move inversely to its price, rose 1 basis point to 0.43 percent, the yield on 30-year note jumped nearly 1-1/2 basis points to 1.25 percent and the yield on short-term 2-year traded nearly 1 basis point higher at -0.60 percent by 08:15GMT.

Meanwhile, the German DAX fell 0.13 percent to 12,962.00 by 08:20 GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -40.64 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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