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PowerShares DB German Bund Futures ETN (BUNL)

- NYSEARCA
  • Fri, Jan. 30, 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
    | 3 Comments
  • Thu, Jan. 22, 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)
    | Comment!
  • Tue, Jan. 6, 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
    | 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
    | Comment!
  • Dec. 16, 2014, 7:34 AM
    | 4 Comments
  • Oct. 14, 2014, 5:21 AM
    • The German ZEW survey of investor confidence has unexpectedly dropped into negative territory for the first time in almost two years, tumbling to -3.6 in October from 6.9 in September and missing expectations of 1.
    • The current situation print has slumped to 3.2 from 25.4, falling short of consensus of 18.
    • Sentiment for the eurozone plunged to 4.1 from 14.2 and missed forecasts of 7.1.
    • "Geopolitical tensions and the weak economic development in some parts of the Eurozone, which is falling short of previous expectations, are a source of persistent uncertainty," says ZEW President Professor Clemens Fuest. "These factors are tarnishing growth expectations in Germany. Disappointing figures concerning incoming orders, industrial production, and foreign trade have likely contributed to the growing pessimism among financial market experts." (PR)
    • The DAX is -0.5% and the euro is -0.8% at $1.2653.
    • European ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EU, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, IEUR, FIEU, ESTX, HEZU
    • German ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG
    | 2 Comments
  • Mar. 24, 2014, 4:42 AM
    • German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
    • Services fell to 54 from 55.9 and vs 55.8.
    • Manufacturing output declined to 57 from 57.4.
    • Composite output dropped to 55 from 56.4.
    • Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
    • Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
    • The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, BUND, FEP, EUFX, UPV, ULE, DBGR, DXGE, BUNL, ADRU, URR, FEEU, FGM, GGOV, EURL, BUNT, EURZ, DBEU, FIEU, HEWG
    | 1 Comment
  • Mar. 3, 2014, 4:00 AM
    • German manufacturing PMI dropped to 54.8 (flash 54.7) in February from 56.5 in January.
    • "With companies reporting strong expansions in new orders and export sales, the (manufacturing) sector looks set for further growth in the near future," says Markit. "Encouragingly, companies continued to take on additional staff, which signals confidence about future workloads."
    • The euro is -0.2% vs the dollar, while the DAX is -1.9%, hurt by the developments between Ukraine and Russia. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, BUNL, DXGE, FGM, GGOV, BUNT, HEWG
    | Comment!
  • Nov. 21, 2013, 3:42 AM
    • German flash manufacturing PMI has climbed to a 29-month high of 52.5 in November from 41.7 in October and topped consensus of 52.
    • Services jumped to 54.5 from 52.9 and vs 53.
    • Manufacturing output rose to 54 from 53.6.
    • Composite output increased to 54.3 from 53.2.
    • The data suggests that the German economy "is well on track to achieve growth of close to 0.5%" in 2013, says Markit.
    • Strong new business and backlogs indicate that the solid growth momentum will be sustained, with improvements in investment spending and job creation set to follow the upturn in business conditions.
    • The DAX is -0.8%, while the euro recovers its post French PMI losses and is -0.1%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, EPV, IEV, EZU, DFE, DRR, HEDJ, GXF, GUR, BUND, FEU, EUFX, FDD, ESR, UPV, ULE, FEP, BUNL, URR, GERJ, ADRU, FEEU, DBGR, BUNT, FGM, GGOV, DXGE, DBEU, FIEU
    | 4 Comments
  • Nov. 6, 2013, 7:00 AM
    • German factory orders surged 3.3% on month in September, rebounding from a fall of 0.3% in August and slaying expectations for growth of 0.5%.
    • On year, orders jumped 7.9% after climbing 3.1% a month earlier.
    • Foreign bookings rose 6.8% in September, with eurozone demand climbing 9.7%, although domestic orders fell 1%. Still, foreign demand remains rather weak, Germany's Economy Ministry says. "The data confirm the picture of an increasingly domestically driven economic recovery."
    • The data adds to PMI readings that show continued growth in overall German business activity.
    • The euro spikes and is +0.2% vs the dollar, while the Dax is +0.4%.
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | Comment!
  • Sep. 2, 2013, 4:26 AM
    • German flash manufacturing PMI rises to 51.8 in August (flash 52) from 50.7 in July.
    • "Improvements in domestic sales and a rebound in export demand...(combined) to generate the fastest expansion of output volumes since the middle of 2011," says Markit. "The "accumulation of unfinished work for the first time in five months...should stimulate job creation and investment spending."
    • Expects manufacturing output to make a "positive contribution to German GDP" in Q3.
    • DAX +1.5%, euro flat. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Aug. 14, 2013, 2:09 AM
    | Comment!
  • Jul. 4, 2013, 9:51 AM
    European bond yields drop following Mario Draghi's press conference, with the falls in the periphery particularly sharp. Spanish 10-year yields -14 bps to 4.65%, Portugal -27 bps to 7.2%, Italy -11 bps to 4.41%, France -6 bps to 2.24% and Germany -5 bps to 1.62%. U.K. gilts -4 bps to 2.36% following the BOE's dovish statement earlier. Treasurys are +3 bps at 2.5%.
    | Comment!
  • Jun. 20, 2013, 3:52 AM
    The mayhem caused by the Fed daring to suggest that it could soon start cutting off the liquidity extends to the European bond markets. Ten-year yields on French bonds +13 bps to 2.24, Germany +11 bps to 1.67%, Italy +18 bps to 4.43%, Portugal +15 bps to 6.22%, Spain +16 bps to 4.69%, U.K. +15 bps to 2.28%. It's worth noting that Japanese 10-year yields are up just 3 bps at 0.84%.
    | 1 Comment
  • Mar. 21, 2013, 4:41 AM
    Flash German manufacturing PMI unexpectedly drops to 48.9 from 50.3 in February; manufacturing output 49.8 vs 50.7; services 51.6 vs 54.7, composite output 51 vs 53.3. The loss of output growth momentum was the greatest since the middle of 2011, says Market, while the survey doesn't take into account the impact of the Cyprus flair-up. The Dax and euro dive, and are -0.7% and -0.3% (vs the dollar) respectively. (PR)
    | Comment!
  • Jan. 6, 2012, 6:29 AM
    German new industrial orders -4.8% M/M in November vs. +5% in October and -1.7% forecast. Foreign orders -7.8%, domestic orders -1.1%. The euro takes a dive from earlier highs and is now -0.1% vs. the dollar.
    | 9 Comments
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BUNL Description
The PowerShares DB German Bund Futures Exchange Traded Notes (BUNL) (collectively, the "PowerShares DB German Bund Futures ETNs," or the "ETNs") are the first exchange-traded products to provide investors with leveraged or unleveraged exposure to the U.S. dollar value of the returns of a German bond futures index.
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Country: Germany
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