EURO GOVT-Bunds extend losses after ECB says unanimous on rates
LONDON Jan 10 (Reuters) - German Bund futures fell, stocks rallied and two-year bond yields rose on Thursday after European Central Bank President Mario Draghi said the decision to leave rates on hold at 0.75 percent was unanimous.
Bund futures slid to a session low of 142.91, extending losses by around 40 ticks after Draghi's comment, which was seen as a departure from last month's signal that the bank was divided on whether to cut rates. Short-term German bond yields rose 3 basis points on the day to 0.09 percent.
Euribor futures fell as Draghi spoke. The March 2013 contract was down 1.5 basis points and the June 2013 contract was 3 bps lower. Both were flat at the beginning of the news conference.
The FTSEurofirst 300 index of top European shares was up 0.2 percent at a session high of 1,170.11 points at 1347 GMT. The index was flat before Draghi started his press conference.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video