Monday, 17 September 2012

Dec Bunds, Gilts Reverse Early Losses


December Bunds and gilts reverse early losses and are now in positive territory. December contract has climbed to as high as 139.09 and is currently up 0.29 at 139.05 while the December gilt is up 0.22 at 118.24, having traded as high as 118.30. Both contracts suffered badly Friday in the wake of the FOMC decision. In the cash market, 10-year Bund yields 1.65%, down 2bps from Friday's close and the 10-year gilt yields 1.94%, also down 2bps.

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