DB German Bund Futures ETN (BUNL) - NYSEARCA
  • Oct. 1, 2015, 4:06 AM
    • German manufacturing PMI slipped to 52.3 in September from 53.3 in August, although the sector still enjoyed its best quarter for over a year.
    • Businesses maintained solid output and new-order growth, Markit says, while they also lowered prices as input costs fell further, although employment rose at weaker rate.
    • "The combination of rising backlogs and increased new orders suggests that companies will continue to scale up production levels, at least in the short term," Markit says.
    • The DAX is +1.1%. (PR)
    • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, BUNL, BUNT, GGOV, FGM, QDEU
    | Oct. 1, 2015, 4:06 AM
  • Sep. 30, 2015, 3:12 AM
    • German retail sales slumped 0.4% on month in August after growing 1.6% in July and came in well below consensus of growth of 0.2%.
    • On year, sales growth slowed to 2.5% from 3.8% and undershot expectations of +3.1%. (PR)
    • The euro is -0.3% at $1.1214, although the DAX seems to be ignoring the poor figures and is +2.2%.
    • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, BUNL, BUNT, GGOV, FGM, QDEU
    | Sep. 30, 2015, 3:12 AM
  • Jul. 7, 2015, 8:18 AM
    | Jul. 7, 2015, 8:18 AM | 7 Comments
  • Jun. 29, 2015, 7:36 AM
    • Greek banks and its stock market are closed today, with a payment due the IMF tomorrow likely to be missed. A referendum set for next Sunday is likely to determine the country's fate. A sizable "yes" vote would likely lead to the fall of the current government, allowing a new unity government to cut a deal with the troika. A "no" vote or even a close vote likely means Grexit.
    • Europe's down more than 3% and U.S. index futures are lower by more than 1%.
    • The U.S. 10-year yield is down 13 basis points to 2.34% and the German 10-year Bund yield is off 15 bps o 0.78%. The Italian 10-year yield is up 17 bps to 2.32% and the Spanish 10-year is up 16 bps to 2.27%.
    • TLT +2%, TBT -4%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, EU, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, BUNL, TENZ, LBND, BUNT, GGOV, DLBL, TYBS, VUSTX
    | Jun. 29, 2015, 7:36 AM | 4 Comments
  • Jun. 22, 2015, 7:38 AM
    • While no deal has been reached, the Greek government's latest proposal makes major concessions on cutting deficits in the country's pension system - a long-standing demand of Greece's creditors.
    • According to the Greeks, the pension savings should amount to 0.4% of GDP this year and 1% starting in 2016 - pretty close to the target demanded by the IMF, ECB, and EU governments. Pencil pushers in Brussels will spend the next few days going through the numbers ahead of an emergency summit late this week.
    • Peripheral bond yields are headed south, while Germany's 10-year Bund yield is up ten basis points to 0.86%.
    • The Stoxx 50 (NYSEARCA:FEZ+2.6%, with Germany (NYSEARCA:EWGup 2.7%, France (NYSEARCA:EWQ+2.6%, Spain (EWQ+2.5%, Italy (NYSEARCA:EWI+1.7%, the U.K. (NYSEARCA:EWU+1%. Greece is higher by 5.7%.
    • GREK +2.7%, NBG +7.6% premarket
    • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZEU, BUNL, BUNT, GGOV
    | Jun. 22, 2015, 7:38 AM | 14 Comments
  • Jun. 18, 2015, 6:25 AM
    • Treasuries and German bund yields are headed lower after the Federal Reserve cut its outlook for interest rates and warned of spillover if Greece talks fail.
    • At yesterday's meeting, the Fed suggested it might raise rates only once in 2015 by a quarter percentage point, rather than twice as many officials previously anticipated.
    • Both ten-year U.S. and German Bund yields are down 4 bps, to 2.27% and 0.77%, respectively.
    • ETFs: BUNL, BUNT, GGOV
    | Jun. 18, 2015, 6:25 AM
  • Jun. 15, 2015, 7:36 AM
    • A divergence in the direction of bond yields is at work again today, with money flowing into the fixed-income markets of the U.S. and Germany, and out of Spain, Italy, Portugal and Greece.
    • The move comes as discussions over the weekend between Greece and its creditors last only a few minutes before collapsing.
    • 10-year yields in Spain and Italy are each higher by ten basis points, while 10-year yields in the U.S.and Germany both slip a few. At 2.32% and 2.37%, respectively, yields in Italy and Spain are about equal to the 2.36% in the U.S. They had been significantly lower than than of the U.S. for a number of months.
    • Spain's IBEX 35 (NYSEARCA:EWP) is down 1.4% and Italy's FTSE MIB (NYSEARCA:EWI) is off 1.9%.
    • ETFs: EU, BUNL, BUNT, GGOV
    | Jun. 15, 2015, 7:36 AM
  • Jun. 12, 2015, 9:57 AM
    • The bond rout of the past few weeks has been notable for its correlation. The bond markets of putative solid credits like Germany and the U.S. were hit as hard or even harder than those of countries like Spain and Italy.
    • Potentially worrisome in today's action: Yields are flat to lower in Germany and the U.S. while moving sharply higher in the peripheral countries.
    • The 10-year U.S. Treasury yield is down 1 bp to 2.37% and the 10-year German Bund yield is lower by 3 bps to 0.86%. Meanwhile, the Spanish 10-year yield is up 18 bps to 2.31%, and Italy up 12 bps to 2.26%.
    • This is happening as another Greek default and then possible EU exit got more likely with the IMF technical team's return to D.C. yesterday, and investors may not want to be holding the paper of the next countries in line should anything adverse happen over the weekend.
    • Spain's IBEX 35 (NYSEARCA:EWP) is lower by 1.3%, and Italy's FTSE MIB (NYSEARCA:EWIby 1.5%. Elsewhere in Europe, Germany (NYSEARCA:EWG) is down 1.5% and France (NYSEARCA:EWQ) is down 1.7%. FEZ -2.2%, GREK -4.1%, NBG -7%
    • ETFs: VGK, FEZ, HEDJ, IEV, EU, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, BUNL, ADRU, HEZU, FEEU, IEUR, BUNT, GGOV, FIEU, DBEZ, FEUZ, SBEU
    | Jun. 12, 2015, 9:57 AM
  • Jun. 11, 2015, 8:42 AM
    • One might expect long-term U.S. Treasury yields to take  out new 2015 highs after the strong May retail sales report provides more evidence of a nice Q2 bounce in economic growth.
    • The 10-year yield, however, is lower by four basis points to 2.44% as yields across the pond tumble. After hitting 1.03% earlier in the session, the German 10-year Bund yield has slipped all the way back to 0.90%, off eight basis points for the day.
    • The Italian 10-year yield is down 13 bps to 2.13%, and the 10-year yield is lower by a full 20 bps in Spain to 2.12%.
    • TLT +0.95%, TBT -1.9% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, EU, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, BUNL, TENZ, LBND, BUNT, GGOV, DLBL, TYBS, VUSTX
    | Jun. 11, 2015, 8:42 AM | 2 Comments
  • Jun. 9, 2015, 10:03 AM
    • The government bond rout took a breather on Monday, but is back in business today, led by an eight basis point gain in the German 10-year Bund yield to 0.96%. The 10-year U.S. Treasury yield is up six basis points to a new 2015-high of 2.44%. The next stop on the charts could be the 52-week high of 2.70% hit roughly one year ago.
    • TLT -1.1%, but corporate bonds are faring better, with LQD -0.5%, and HYG -0.15%.
    • The Barclays Aggregate Bond Fund (AGG -0.3%) and the Vanguard Total Bond Market ETF (BND -0.3%).
    • ETFs: PLW, GOVT, BUNL, FTT, EGF, BUNT, GGOV, TAPR
    | Jun. 9, 2015, 10:03 AM | 7 Comments
  • Jun. 2, 2015, 12:52 PM
    • A rise in core European inflation to 0.9% in May from 0.7% a month earlier has set off a 2.5% rally in the euro (NYSEARCA:FXE) and soaring bond yields across the Continent.
    • The German 10-year Bund yield is up 18 basis points to 0.72%, the Italian 10-year is up 17 bps to 2.12%, and the Spanish 10-year is up 14 bps to 2.05%. In the U.K., 10-year Gilts are higher by 13 bps to 2.00%.
    • The action has set off a big move in the 10-year U.S. Treasury yield, up eight bps on the session to 2.26%. TLT -1.45%, TBT +2.9%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, EU, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, BUNL, TENZ, LBND, BUNT, GGOV, DLBL, TYBS, VUSTX
    | Jun. 2, 2015, 12:52 PM
  • Jan. 30, 2015, 8:36 AM
    • The 10-year Treasury yield has ducked under 1.70% for the first time in nearly two years following the softer-than-hoped preliminary read on GDP growth (2.6% vs. 5% in Q3, and forecasts for 3%). It's now off six basis points to 1.69%.
    • In Germany, 30-year government paper now carries a yield of less than 1% for the first time ever. The 10-year Bund is at 0.30%.
    • TLT +1%, TBT -2% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, SBND, TLH, VGLT, DLBS, UBT, TLO, TENZ, LBND, TYBS, DLBL, BUNL, GGOV, BUNT
    | Jan. 30, 2015, 8:36 AM | 3 Comments
  • Jan. 22, 2015, 9:38 AM
    • It's an all-time low for Spain's 10-year note, which falls 14 basis points to 1.41% after the ECB launches a €60B per month asset purchase program. Italy's 10-year is down 12 bps to 1.56%.
    • German 10-year Bund yields are down eight basis points at 1.40%, and the U.S. 10-year Treasury yield has undergone a major reversal, now lower by four basis points to 1.84% after rising as high as 1.94% after the ECB announcement. TLT goes green by 0.45% after being down more than 1.5%.
    • ETFs: EU, BNDX, BWX, IGOV, BUNL, ITLY, ITLT, GGOV, BUNT
    • Previously: ECB launches €60B per month QE (Jan. 22)
    • Previously: Futures add to gains after ECB goes bigger than expected (Jan. 22)
    | Jan. 22, 2015, 9:38 AM
  • Jan. 6, 2015, 7:16 AM
    • The improbable (to most) rally in long-dated U.S. government paper continued overnight, with the 10-year yield dipping down all the way to 1.98%. It's bounced since, and currently stands at 2.00%, off three basis points on the session.
    • It's a global rally, with bonds in the BAML Global Broad Market Sovereign Plus Index having an effective yield of just 1.28% - an all-time low (data is from 1996 on). A sampling: Japan 10-years 0.29%, German 10-years 0.47%, Spain 1.55%, U.K. 1.62%, Italy 1.77%, Australia 2.7%.
    • TLT +0.5%, TBT -1%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, JGBS, JGBD, BNDX, ZROZ, BWX, SBND, TLH, VGLT, DLBS, UBT, TLO, IGOV, BUNL, JGBL, ITLY, TENZ, LBND, ITLT, JGBT, GGOV, TYBS, DLBL, BUNT, JGBB
    | Jan. 6, 2015, 7:16 AM | 5 Comments
  • Dec. 29, 2014, 12:56 PM
    • A Greek vote paving the way for January elections that could bring the anti-bailout Syriza party into power have led risk-averse investors to flock to U.S. Treasurys and German Bunds. The 5-year Treasury yield is down 5 bps to 1.72%; the 10-year by 4 bps to 2.21%; and the 30-year by 4 bps to 2.78%.
    • The Bloomberg U.S. Treasury Bond Index is up 5.7% YTD, its biggest gain since 2011. The performance has been accompanied by a flattened yield curve: Treasuries with maturities greater than 10 years are up 23.4%, while those with maturities of 1-5 years are up only 1.1% as the Fed signals rate hikes will eventually arrive.
    • In spite of the 2014 gains and the yield-dampening impact of recent macro events, forecasters have become increasingly pessimistic about 2015 due to rate hike fears. The Bank of Tokyo's Chris Rupkey: "Next year should be the break-out year finally ... The market is ignoring the rhetoric that Yellen and the FOMC is getting closer and closer to tightening. The market has it wrong.”
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, SBND, TLH, IEI, TYO, VGLT, DLBS, DTYS, UST, UBT, TLO, VGIT, TBX, BUNL, GSY, TENZ, SCHR, DTYL, TYD, LBND, ITE, GGOV, DLBL, TYBS, BUNT, DFVL, TBZ, FIVZ, DFVS, TYNS, SYTL
    | Dec. 29, 2014, 12:56 PM
  • Dec. 16, 2014, 7:34 AM
    | Dec. 16, 2014, 7:34 AM | 4 Comments
BUNL Description
The DB German Bund Futures ETN tracks an index of long positions in futures on German government debt with remaining maturity between 8.5 and 10.5 years.
See more details on sponsor's website
Country: Germany
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