Tuesday, 11 September 2012

Bunds Tread Water Ahead Of Germany Ruling On ESM


Bunds tread water ahead of the German court ruling on ESM as well as general elections in The Netherlands, both Wednesday. In what could be a volatile trading session, Germany will also sell 5-year bonds. With a string of possible risk events up ahead, investors are reluctant to take large positions. This reticence has also been reflected in trading volumes, with fewer than 500k contracts traded so far Tuesday. December Bunds are up 7 ticks at 140.39 and the 10-year Bund yield is little changed at 1.51%.  

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