Monday, 4 June 2012

June Bunds down 0.65 at 145.69. 10-year cash yield up 5bps at 1.22%.


Bunds fall as gains in equity markets and declines in yields on bonds issued by fiscally-frail euro-zone countries prompt some traders to lock in profits. Concerns over the fate and composition of the euro zone sparked a rally into safe-havens in recent sessions, but some of those fears subsided Monday, as Italian and Spanish bond yields eased. It remains to be seen if the trend will persist though. Trading volumes are light and are expected to stay that way on Tuesday as London markets will be shut for second day for a public holiday. June Bunds down 0.65 at 145.69. 10-year cash yield up 5bps at 1.22%.


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