LONDON Jan 29 Bund futures edged higher on
Tuesday, with some investors snapping up the cheapened paper
after it hit two-month lows in the previous session.
Monday's better-than-expected U.S. durable goods data added
momentum to a sell-off in Bunds triggered by the European
Central Bank's announcement last week that banks planned to
repay 137 billion euros of three-year loans taken in late 2011.
At 0704 GMT, Bund futures were 8 ticks higher on
the day at 141.87. They hit a two-month low of 141.61 on Monday,
having fallen by almost two full points in the past three
"Yesterday was a pretty messy day so we may have a few
people looking to oppose this move," one trader said. "I'd like
to see stronger data going forward to vindicate these moves."