German Treasury 3-month bond

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Germany 3-Month in 3rd consecutive fall, nears two-month low 24 May, 2018

NEWS BITES - BONDS

Germany Treasury 3-Month bond, slipped further on Thursday, sliding an additional 0.40c (or 0.004%) to trade at EUR100.14. The bond decreased 0.004% on Tuesday and 0.004% on Wednesday bringing its 3-day fall to 0.01%. It is now approaching its 44-day low of EUR100.13.

Germany 3-Month1-week1-month3-months1-year
Price Change %0.010.10.050.08

SECTION 1

GERMANY 3-MONTH BEARISH SIGNALS

Technicals:

+ The price decreased 0.01% in the last week and 0.1% in the last month.

+ In the last three months the bond has hit a new 52-week low thrice.

+ Falls to Rises in the past month: the number of falls outnumbered rises 19:1. The bond traded in 20 of the 22 trading days.

SECTION 2

GERMANY 3-MONTH BULLISH SIGNALS

2.1 Technicals:

Oversold/Bullish/Support Signals:

+ The bond is oversold according to the Williams % R indicator of -98.0, suggesting the price is close to its 14-day low of EUR100.13.

2.2 High Performance Indicator:

DescriptionValueRank In Market
Price/MAP501.0In Top 8%

SECTION 3

PRICE VOLUME DYNAMICS

Technicals:

+ The Germany 3-Month is at a discount of 0.1% to its 12-month high of EUR100.25 traded on April 11.

+ It is at a premium of 0.1% to its 12-month low of EUR100.07 traded on April 10.

+ The present value of EUR1,000 (PV1000) invested one year ago in Germany 3-Month is EUR999, for a capital loss of 78c.

PV10001-week1-month1-year
germany-3-month.SG1,000999999

SECTION 4

MACROECONOMIC INDICATORS

IndicatorValue
GDP (USD Billion)3,467
GDP growth yoy (%)2.3
Interest rate (%)0.05
Inflation rate (%)1.6
Public debt (USD) (billion)2,792.9
Public debt per person (USD)34,200
Debt to GDP (%)64.1
Budget Surplus to GDP (%)1.3
Current account Surplus to GDP (%)8.0
Unemployment rate (%)3.4
Population (million)81.8

SECTION 5

CREDIT RATING SUMMARY

Germany:

Rating AgencyLong TermDescription
FITCHAAAHighest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.

Source: www.BuySellSignals.com