LONDON Jan 28 German Bund futures trimmed early
losses on Monday as traders bought back into a cheapened market
after a steep selloff in the previous session, with low volumes
also exaggerating price moves.
The Bund future was last 4 ticks lower on the day
at 142.46 having earlier fallen as low as 142.11.
"The initial weakness was a bit of an overhang from last
Friday. But today stocks are holding pretty flat, the
euro/dollar is not doing much," one trader said.
The contract fell sharply late last week after the European
Central Bank announced 137 billion euros of long term loans
would be repaid early by banks -- an above consensus amount that
caused money market rates to rise.