EURO GOVT-Bunds little changed as all eyes on U.S. budget
LONDON Dec 27 (Reuters) - Bund futures opened little changed on Thursday, with investors focusing on U.S. lawmakers' last-ditch efforts to avoid large-scale fiscal tightening from automatically coming into force next year.
In a sign that there may be a way to break the deadlock in negotiations on the budget, Republican House of Representatives Speaker John Boehner offered to consider any bill the Democrat-controlled Senate produced.
President Barack Obama returns to Washington on Thursday and investors expect the talks to avoid a fiscal crisis to resume.
At 0706 GMT, Bund futures were 5 ticks lower at 144.72.
"There is not much focus on Europe. We will just follow the lead of Treasuries," one trader said.
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