LONDON Feb 6 German Bund yields and euro zone
money market rates rose on Thursday after European Central Bank
President Mario Draghi gave no hint of imminent monetary policy
easing in initial remarks after holding rates steady.
The pan-European FTSEurofirst 300 pared gains as
Draghi spoke, trading up just 0.6 percent having been 1.2
percent higher when he started. The euro rose against the dollar
One-year one-year Eonia forward rates
rose to 0.18 percent from 0.166 perccent before Draghi started
speaking while Eonia contracts dated for the ECB meetings this
year rose 1-2 basis points as traders scaled back the prospects
of imminent easing.
Bund futures fell to new session lows of 143.47,
while 10-year Bund yields rose 5 basis points to