Germany Treasury 3-Month bond price falls 0.02% from 14-day high 21 February 2020

NEWS BITES - BONDS

Germany Treasury 3-Month bond price, was down 0.02% from its 14-day high of EUR100.23 on 21 February, 2020. Its Williams % R is -15 which suggests it is overbought, a bearish signal. Its Relative Strength Index [RSI] is 80.1. An RSI reading of between 70 and 100 suggests the bond is close to its 14-day high. This suggests the bond is overbought; another bearish signal. The bond price has decreased 0.50c (or 0.01%) from its last trading session of February 20, 2020 to close at EUR100.21.

Germany 3-Month1-day1-week1-month3-months1-year
Price Change %0.010.010.10.080.04

GERMANY TREASURY - OTHER MATURITIES

HeadlineYTM %Close price [EUR]Price change %
30-Year bond yield in 4th consecutive fall, nears four-month low of 0.049%0.0598.461.5

SECTION 1 GERMANY 3-MONTH BEARISH SIGNALS

1.1 Price Dynamics:

Downtrend [or Yield Uptrend]: The bond decreased, falling for a fifth consecutive day.

+ The price decreased 0.01% in the past week.

+ Falls to Rises in the past month: the number of falls outnumbered rises 20:3 or 6.7:1. The bond traded in 23 of the 23 trading days.

1.2 Overbought/Bearish/Resistance Signals:

+ The Relative Strength Index (RSI) of 80.1 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 -15.0, suggesting the price is close to its 14-day high of EUR100.23.

+ The Stochastic indicator of 89.7 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.

1.3 Low Performance Indicator:

DescriptionValueRank In Sovereign Bond Market
Price Change %-0.01In Bottom Quartile

SECTION 2 GERMANY 3-MONTH BULLISH SIGNALS

2.1 Price Dynamics:

+ In the last three months the bond has hit a new 52-week high once.

2.2 High Performance Indicators:

DescriptionValueRank In Sovereign Bond Market
Price/MAP501.0In Top 5%
Price/MAP2001.0In Top Quartile

SECTION 3 PRICE VOLUME DYNAMICS

Price Dynamics:

+ The Germany 3-Month is at a discount of 0.02% to its 12-month high of EUR100.23 traded on February 12.

+ It is at a premium of 0.1% to its 12-month low of EUR100.08 traded on June 14, 2019.

+ The present value of EUR1,000 (PV1000) invested one year ago in Germany 3-Month is EUR1,000, for a capital gain of 37c.

PV10001-week1-month1-year
Germany 3-Month.SG1,0001,0011,000

SECTION 4 MACROECONOMIC INDICATORS: GERMANY

IndicatorValue
GDP (USD Billion)3,997
GDP growth yoy (%)0.4
Interest rate (%)0.05
Inflation rate (%)1.7
Public debt (USD) (billion)2,792.9
Public debt per person (USD)34,200
Debt to GDP (%)61.9
Budget Surplus to GDP (%)1.5
Current account Surplus to GDP (%)7.6
Unemployment rate (%)3.2
Population (million)81.8

SECTION 5 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