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German ten year bund yields shy away from a one-month low

FXStreet (Mumbai) - The German ten-year bund yield has weakened to trade near a one-month low in line with the US and European peers indicating mounting concerns of the German and the global economic slowdown.

The ten-year yield is trading at 0.895, slightly up from a one-month low of 0.885. Yields did hit 0.885 earlier today, however the pullback may have occurred due to a slight recovery in the US ten-year treasury yields.

Moreover, the International Monetary Fund (IMF) warned yesterday that the slowdown in the core Eurozone economies may push the entire area into recession within six months. Bund yields may break the 0.885 levels if the US Federal Reserve (Fed) minutes surprises markets with a dovish tone.

Ten-year Bund technical levels

Yields have a support of 0.885 (low of 1st Sept, 2014) and 0.868 (low of 28th Aug, 2014), while the resistance is located at 0.892

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