The German bunds suffered during afternoon session Tuesday after the country’s ZEW economic sentiment for the month of September improved, better than market expectations as well. Investors will now be eyeing the super-long 30-year auction, scheduled to be held on September 12 by 09:35GMT.
The German 10-year bond yields, which move inversely to its price, rose 1-1/2 basis points to 0.418 percent, the yield on 30-year note also climbed nearly 1-1/2 basis points to 1.098 percent and the yield on short-term 2-year traded tad higher at -0.551 percent by 09:50GMT.
The Mannheim-based ZEW research institute, its monthly survey showed that German economic sentiment rose to -10.6 during the month of September, from -13.7 in August, compared to the consensus forecast for a reading of -14.0. Further, a separate gauge measuring investors’ assessment of the economy’s current conditions rose to 76.0 from 72.6 last month, vs to analyst’s expectations for a decrease to 72.0.
Further, the index of euro zone economic sentiment decreased increased to -7.2 in September from -11.1 a month earlier, vs market estimates of -10.9.
Meanwhile, the German DAX fell 0.53 percent to 11,922.33 by 09:55GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 4.58 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex


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