Tuesday, 20 November 2012

Bunds Fall With Eurogroup Meeting About To Start


Bunds fall with the Eurogroup meeting about to start. The approval of Greece's next tranche of aid tops the euro zone finance ministers' agenda in Brussels. Bond markets head into the gathering in upbeat mood, despite Moody's downgrade of France late Monday, helped by some positive housing data from the US. Safe-haven bonds post losses, with Bunds leading the way. Germany sells 10-year bonds and linkers Wednesday. December Bunds are down 0.56 at 142.44, and the 10-year cash yield is 1.41%.

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