LONDON May 2 German Bund futures reversed gains on Thursday as some investors booked profits from a market rally near record highs this week before a European Central Bank rate decision later in the day.
The ECB is expected to cut its main refinancing rate by 25 basis points to a record low of 0.5 percent after its policy meeting on Thursday. Traders said the Bund market already anticipated such a cut so was vulnerable to profit-taking.
Bund futures were last 17 ticks lower on the day at 146.41.
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