Bunds sink as US jobs data lift risk sentiment and curb the appeal of core government bonds. US unemployment stood at 7.8% in September versus expectations for the rate to stay at the 8.1% seen in August. Nonfarm payrolls were +114k versus a consensus forecast of +118k. Bunds also came under pressure as Portuguese government bond yields fell to 3-week lows on continued optimism after a successful bond swap this week and soothing words from ECB President Draghi at Thursday's press conference. News that German Chancellor Merkel will visit Greece next week also benefited peripheral bonds. December Bunds are down 0.83 at 140.85 and the 10-year Bund yield rises 8bps to 1.52%.
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