LONDON Jan 17 Bund futures reversed early gains
in choppy trade on Thursday, with investors betting on a strong
Spanish bond auction later in the day.
Bund futures were last 11 ticks lower on the day at
143.26, having traded in a 143.27 - 143.62 range earlier in the
session. Italian and Spanish bond yields were slightly lower.
"It's just decent demand for peripherals. Spanish and
Italian bonds are doing well after the strong auctions this
week. The Spanish (sale later on Thursday) also looks like it's
going to go well. The bonds are trading well ahead of the
supply," a trader said.