(Corrects month in second paragraph)
By Kirsten Donovan
LONDON Nov 1 German Bund futures were steady on
Thursday with markets hunkering down before key events in the
U.S. in coming days.
With the euro crisis largely on hold as Greece hammers out a
deal to secure more bailout money later this month in order to
avoid bankruptcy and no sign Spain is about to ask for help,
debt markets are likely to be buffeted by events in the United
Friday sees the release of the widely-watched U.S. non-farm
payrolls report and presidential elections are held on Tuesday.
December Bund futures were 7 ticks higher at
141.75, holding around the middle of the trading range in place
"The Bund future repeatedly ran into technical resistance in
the 141.85-142.00 area," Commerzbank strategists said in a note.
"This suggests that a slide back to the 140.88/66 area could
be on the cards near-term," they added, referring to levels that
equate to the 55-day moving average and the 50 percent
retracement of the last rally.
While all major European markets were open, trading volume
was expected to be thin, due to public holidays in France,
Italy, Spain and parts of Germany for All Saints day.
(Reporting by Kirsten Donovan; Editing by William James)