Germany Treasury 3-Month bond decreases after hitting resistance 13 December 2019

NEWS BITES - BONDS

Germany Treasury 3-Month bond, has decreased 0.002% after hitting the upper Bollinger Band three 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-week1-month3-months1-year
Price Change %0.10.10.070.01

GERMANY TREASURY - OTHER MATURITIES

HeadlineYTM %Close price [EUR]Price change %
20-Year bond drops on high volatility0.04182.06-0.9
30-Year bond price rises 0.5% from 14-day low [Implied Yield falls to 0.221%]0.2293.440.2

SECTION 1 GERMANY 3-MONTH BEARISH SIGNALS

1.1 Price Dynamics:

+ Falls to Rises in the past month: the number of falls outnumbered rises 13:5 or 2.6:1. The bond traded in 18 of the 22 trading days.

1.2 Overbought/Bearish/Resistance Signals:

+ At EUR100.22 the price has risen above the upper Bollinger band resistance of EUR100.21, indicating a downside risk for it to fall back within the band.

+ The Relative Strength Index (RSI) of 88.7 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 -1.9, suggesting the price is close to its 14-day high of EUR100.22.

SECTION 2 GERMANY 3-MONTH BULLISH SIGNALS

2.1 Price Dynamics:

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

2.2 High Performance Indicators:

DescriptionValueRank In Sovereign Bond Market
Price/MAP2001.0In Top 5%
Price Change %-0.002In Top Quartile

SECTION 3 PRICE VOLUME DYNAMICS

Price Dynamics:

+ The Germany 3-Month is at a discount of 0.1% to its 12-month high of EUR100.29 traded on December 20, 2018.

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

+ The present value of EUR1,000 (PV1000) invested one year ago in Germany 3-Month is EUR1,000, for a capital loss of 15c.

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

SECTION 4 MACROECONOMIC INDICATORS: GERMANY

IndicatorValue
GDP (USD Billion)3,997
GDP growth yoy (%)0.5
Interest rate (%)0.05
Inflation rate (%)1.1
Public debt (USD) (billion)2,792.9
Public debt per person (USD)34,200
Debt to GDP (%)61.9
Budget Surplus to GDP (%)1.9
Current account Surplus to GDP (%)7.6
Unemployment rate (%)3.1
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