Bund futures hit two-week high after U.S. data
LONDON |
LONDON Nov 16 (Reuters) - Euro zone government bond futures hit a two-week high on Monday after U.S. retail sales and regional manufacturing data gave U.S. Treasuries a boost.
December Bund futures FGBLc1 rose to 121.99, the highest since Nov. 3. They were last at 121.91, up 59 ticks from Friday's settlement close.
Two-year Schatz EU2YT=RR yield fell 3 basis points on the day to 1.178 percent while 10-year Bund yield EU10YT=RR was down nearly 6 bps at 3.316 percent.
Sales at U.S. retailers rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report showed on Monday. [ID:nN16371323]
A separate report showed manufacturing in New York State fell in November, suggesting factory activity moderating for the first time in four months. [ID:nN15305681] (Reporting by Ian Chua and Tamawa Desai)
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