EURO GOVT-Bunds rise on ECB's Coeure comments
LONDON Jan 18 (Reuters) - German Bunds rose on Friday, with traders citing comments by European Central Bank board member Benoit Coeure that he did not expect short-term rates to be affected by ECB loan repayments.
Bund futures were last 40 ticks higher on the day at 143.16.
"We had a comment from ECB's Coeure saying something ... (like) he does not expect (ECB long-term loan) repayments by banks to affect the (euro overnight interbank) Eonia rate."
"The market was fearing that the withdrawal of liquidity would drive up Eonia rates. That's the reason people are buying back into the short-end, and also the Bund."
- Rebellious Nevada rancher's slavery remarks dim Republican support
- Ukraine forces kill up to five rebels, Russia starts drill near border |
- Search for missing Malaysian jet may take years: U.S. official
- Boy and girl on Korean ferry drowned with life jackets tied together |
- Exclusive: Apple, Google to pay $324 million to settle conspiracy lawsuit