EURO GOVT-Bund future falls after U.S. data

LONDON | Mon Nov 2, 2009 10:12am EST

LONDON Nov 2 (Reuters) - Euro zone government bond futures fell on Monday, reversing gains after data showed pending sales of previously owned U.S. homes unexpectedly rose in September to their highest level in nearly three years.

A separate report showed the U.S. manufacturing sector grew in October for the third consecutive month and at a faster rate than was expected. [ID:nWEN5869] and [ID:nN02432431]

The Bund future FGBLc1 fell as low as 122.77 from 121.99 prior to release of the data. By 1505 GMT, the contract was five ticks down on the day at 121.85.

Two-year yields EU2YT=RR was at 1.304 percent compared with 1.288 percent before the data while the 10-year Bund yield EU10YT=RR was at 3.247 percent versus 3.230 percent. (Reporting by Emelia Sithole-Matarise)

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