November 7, 2012 / 8:31 AM / 5 years ago

EURO GOVT-Bunds rise as Obama win supports bonds

LONDON, Nov 7 (Reuters) - German Bund futures rose on Wednesday, erasing early losses and climbing well above lows seen in after-hours trading in the previous session as the U.S. election result proved marginally positive for low-risk bonds.

Bund futures were last at 142.09, flat against Tuesday's 1615 GMT settlement, and rising from a session low of 141.77 seen early on Wednesday.

The rise matched a rally in U.S. debt prices following Barack Obama's re-election as U.S. President, leaving the yield spread between the two country's 10-year bonds steady at around 26 basis points.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below