Germany Treasury 3-Month bond falls for a fifth consecutive day, a five-day fall of 0.02% 24 February 2021

NEWS BITES - BONDS

Germany Treasury 3-Month bond, has fallen 0.20c (or 0.002%) to close at EUR100.11. The bond fell for a fifth consecutive day on Wednesday.

Germany 3-Month1-week1-month3-months1-year
Price Change %0.010.030.020.1

GERMANY TREASURY - OTHER MATURITIES

HeadlineYTM %Close price [EUR]Price change %
30-Year bond YTM increases by 2.4 basis points0.1994.51-0.9

SECTION 1 GERMANY 3-MONTH BEARISH SIGNALS

Price Dynamics:

+ The price decreased 0.01% in the past week and 0.03% in the past month.

+ Falls to Rises in the past month: the number of falls outnumbered rises 16:3 or 5.3:1. The bond traded in 19 of the 21 trading days.

SECTION 2 GERMANY 3-MONTH BULLISH SIGNALS

2.1 Price Dynamics:

Oversold/Bullish/Support Signals:

+ The bond is oversold according to the Williams % R indicator of -96.5, suggesting the price is close to its 14-day low of EUR100.11.

2.2 High Performance Indicator:

DescriptionValueRank In Sovereign Bond Market
Volatility %0.01In Top 5%

SECTION 3 PRICE VOLUME DYNAMICS

Price Dynamics:

+ The Germany 3-Month is at a discount of 0.1% to its 12-month high of EUR100.25 traded on March 12, 2020.

+ It is at a premium of 0.04% to its 12-month low of EUR100.07 traded on October 26, 2020.

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

PV10001-week1-month1-year
Germany 3-Month.SG1,0001,000999

SECTION 4 ONGOING BEARISH PARAMETERS

4.1 Thinly traded stock: Days Untraded

Past four years, 12 months ended Feb 24

YearDays Untraded
202114
20205
20199
20187

Liquidity has deteriorated from 7 Days Untraded four years ago to 14 days in the past year.

SECTION 5 MACROECONOMIC INDICATORS: GERMANY

IndicatorValue
GDP (USD Billion)3,846
GDP growth yoy (%)(-3.9)
Interest rate (%)0.05
Inflation rate (%)1.0
Public debt (USD) (billion)2,792.9
Public debt per person (USD)34,200
Debt to GDP (%)59.8
Budget Deficit to GDP (%)4.8
Current account Surplus to GDP (%)7.1
Unemployment rate (%)4.6
Population (million)81.8

SECTION 6 CREDIT RATING SUMMARY

Germany:

Rating AgencyLong TermDescription
S&PAAAExtremely strong capacity to meet financial commitments. Highest Rating.
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