NEW YORK (dpa-AFX) – The prices of German government bonds increased on Tuesday morning before the publication of the ZEW economic expectations. The landmark futures contract Euro-Bund-Future rose by 0.14 percent to 131.94 points. The ten-year bond yield was 2.51 percent.
The price recovery that had been interrupted the day before was resumed after the price had fallen to almost 130 points in the middle of the month. Since then, inflation concerns have eased somewhat, underpinned by the inauguration of the new US President Donald Trump on Monday. Initially, he had not yet implemented any of the high import tariffs announced during the election campaign.
The focus is on the ZEW economic expectations for January around eleven o’clock. The requirements set by the corresponding component of Sentix investor confidence have recently weakened slightly, the experts at Landesbank Helaba explained in a comment. Therefore, the improvement in the sentiment barometer from the ZEW research institute in December could turn out to be a little too optimistic. A decline in January should therefore be taken into account. There is a certain potential for disappointment compared to market expectations./mis/jha/