Sponsored Links

German Bunds cut gains as ECB maintains policy stance

LONDON | Thu Aug 1, 2013 9:15am EDT

LONDON Aug 1 (Reuters) - German Bund futures pared gains on Thursday as some investors booked profits on disappointment that European Central Bank policymakers did not discuss cutting interest rates at their meeting.

"Bunds are selling off a bit because there's a slight disappointment they didn't discuss the rate cut. Maybe there was a bit of expectation he would be more dovish," one trader said.

The Bund future was last 40 ticks up on the day at 142.77, off a session high of 143.29 reached earlier.

 
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.