German Treasury 3-month bond

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Germany Treasury 3-Month bond decreases after hitting resistance 16 August, 2018

NEWS BITES - BONDS

Germany Treasury 3-Month bond, has decreased 0.01% after hitting the upper Bollinger Band seven times in the last ten days. The upper Bollinger Band marks the trajectory of resistance on a bond price. This is a bearish signal.

Germany 3-Month1-day1-week1-month3-months1-year
Price Change %0.010.10.030.030.01

SECTION 1

GERMANY 3-MONTH BEARISH SIGNALS

1.1 Technicals:

+ Falls to Rises in the past month: the number of falls outnumbered rises 18:6 or 3:1. The bond traded in 24 of the 23 trading days.

1.2 Overbought/Bearish/Resistance Signals:

+ At EUR100.19 the price has risen above the upper Bollinger band resistance of EUR100.17, indicating a downside risk for it to fall back within the band.

+ The Relative Strength Index (RSI) of 74.6 has penetrated the overbought line of 70, suggesting the price gain of 0.1% in the last 14 days is unusually high.

+ The bond is overbought according to the Williams % R indicator of -5.7, suggesting the price is close to its 14-day high of EUR100.19.

SECTION 2

GERMANY 3-MONTH BULLISH SIGNALS

2.1 Technicals:

+ The price increased 0.1% in the last week and 0.03% in the last month.

2.2 High Performance Indicators:

DescriptionValueRank In Market
Volatility %0.02In Top 8%
Price/MAP501.0In Top Quartile

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 EUR1,000, for a capital gain of 11c.

PV10001-week1-month1-year
germany-3-month.SG1,0011,0001,000

SECTION 4

MACROECONOMIC INDICATORS

IndicatorValue
GDP (USD Billion)3,677
GDP growth yoy (%)2.0
Interest rate (%)0.05
Inflation rate (%)2.0
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