Algorithmic Trading One Line News
automated trader rss feed

Fixed Income: Bunds Follow Equities Down

Posted:25/11/2008 8:06 by Peter Burnside
Bund futures are lower in early trade, as German consumer confidence unexpectedly improved on the back of lower oil prices. Q3 GDP data confirmed that Germany is in recession but is too backward looking to change the growth outlook. Stock market futures are lower this morning, but this has so far failed to lift Bund futures. As of 7:25GMT the December 10-year Bund future is down 5 ticks at 120.22. The 10-year cash yield is down 1 bp at 3.39% and the 2-year yield is down 1 bp at 2.19%. By comparison the December 3-months Euribor future is down 0.020 at 96.575 and back months futures are also mostly slightly lower. click here to return to the top of the page
  • Copyright © Algorithmic Media Ltd 2009
http://www.traderslaboratory.com You need to upgrade your Flash Player