Friday, 25 January 2013

Bunds Edge Up After Soft US Data

Bunds edge up after soft US data show personal spending unexpectedly fell in October, echoing a similarly modest gain for Treasurys. Otherwise, it's been a fairly quiet session, with no major data or supply, though Greek bonds have extended their recent rally, hitting post-restructuring highs as market participants look ahead to Monday's launch of Greece's debt buyback. December Bunds are up 0.16 at 143.00 and the 10-year cash yield is 1.36%.

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