FRANKFURT (dpa-AFX) – The prices of German government bonds moved little on Friday. The futures contract Euro-Bund-Future fell slightly in the morning by 0.02 percent to 178.23 points. The yield on the ten-year federal bond was minus 0.61 percent.
On Thursday, federal bonds were still under significant pressure at times after monetary policy decisions. The European Central Bank (ECB) had significantly expanded its bond purchases in the fight against the consequences of the economic consequences of the Corona crisis. However, the market “apparently expected tougher measures on the part of the ECB”, according to an assessment by economists at Landesbank Hessen-Thringen (Helaba).
Little movement is expected on the German bond market as the day progresses. The struggle for a Brexit trade pact between the European Union and Great Britain remains in focus. However, results are expected on Sunday at the earliest. “Before the weekend, market activity is likely to be characterized by restraint rather than aggressive repositioning,” continued Helaba.
Especially since only a comparatively small amount of important economic data is published during the course of the day to which investors could orient themselves. Only data on consumer mood in the USA expected in the afternoon should provide some attention ./jkr/jha/