German government bond prices rose on Monday. The trend-setting forward contract Euro-Bund-Future rose by 0.15 percent to 176.46 points by noon. The yield on the ten-year federal bond was minus 0.48 percent.

The Ifo business climate, which rose more strongly than expected in June, did not weigh on bonds. The indicator rose for the third month in a row. However, economists urge caution with regard to further developments in view of the ongoing Corona crisis. “The corona-related higher indebtedness of the companies dampens their investments and the tense situation on the labor market depresses the consumer mood,” writes Commerzbank economist Marco Wagner.

The market therefore continued to benefit from the ongoing uncertainty. The number of corona infections has recently increased worldwide. In addition, the conflict between the United States and China has recently intensified. In the US, new orders for durable goods are released in the afternoon. / Jsl / jkr / fba

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AXC0173 2020-07-27 / 12: 57

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