EURO GOVT-Bunds erase losses as new issuance drives market
LONDON, Sept 19 |
LONDON, Sept 19 (Reuters) - German Bund futures erased their early losses on Wednesday helped by new debt issues in non-sovereign sectors which generated demand for Germany's bonds via the swaps market.
"There is some corporate activity in the five-year and swaps into 5-year Bunds are generally (supportive for German debt) this morning," one trader said.
Bund futures were 5 ticks higher at 139.51, having earlier sunk to a session low of 139.03 after the Bank of Japan's surprise monetary stimulus announcement initially boosted risk appetite and hurt safe haven debt.
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