German Yields Set to Resume Drop, Technical Indicators Suggest
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Germany’s benchmark 10-year bond yield, which moved higher on Tuesday, may drop to levels seen at the beginning of this year because of weakening momentum indicators, technical studies suggest.
The yield rose for the first time in four days after a composite Purchasing Managers’ Index showed that euro-area activity rose to the highest level in almost six years in February. Still, momentum and trend studies favor a decline toward support at 0.25 percent-0.24 percent.