LONDON Jan 30 German Bund futures rose on
Thursday as renewed strains in emerging markets after weak
Chinese manufacturing data and the Federal Reserve scaling back
its monetary stimulus spurred investors to buy low-risk bonds.
An important gauge of Chinese manufacturing slipped to a
six-month low for January prompting investors already nervous
about a fragile global economic recovery to cut exposure to
"China's PMI was a bit softer and, combined with the fun and
games we had yesterday in emerging markets, risk traded heavily
overnight. The (Bund) market doesn't feel particularly long so
presumably things are going to remain well supported," a trader
The Bund future was last 16 ticks up at 143.06 with
German 10-year yields 1.3 basis points lower at
1.63 percent, their lowest in nearly six months.