LONDON, April 30 German Bund futures were little
changed on Tuesday with investors reluctant to place big bets
before a European Central Bank rate policy meeting and other key
events later in the week.
Data on euro zone inflation is expected to support the case
for an interest rate cut on Thursday after a release on Monday
showed German annual inflation eased to its lowest level in more
than two years in April.
German Bund futures were 6 ticks lower at 146.60
and trade was seen range-bound.
A Federal Reserve meeting will take place on Tuesday and
Wednesday, and U.S. jobs data are due on Friday.
"People could well remain sidelined ahead of the bigger
events later in the week. Despite the fact that the periphery is
doing well, we are not really trading off it," one trader said.
The trader expected Cyprus's parliament to approve a bailout
imposed by its EU partners without any hiccups, but some
analysts were nervous about it.
"The risk of an accident is far from negligible," said
Commerzbank in a research note.