All
 

 

Just in:  

You are here: Home»Markets»Fixed Income»Europe»Bunds fall after Greek lenders seal debt deal

germany-bonds 400LONDON: German Bund futures fell at Tuesday's open after Greece's international lenders agreed a package of measures to cut the country's debt, paving the way for the release of more aid.

 

The accord, reached by the lenders in their third meeting in as many weeks, will cut Greek debt by 40 billion euros to bring it to 120 percent of gross domestic product by 2020.

 

Eurogroup chairman Jean-Claude Juncker said euro zone ministers would formally approve the release of aid to Greece, removing uncertainty over whether Athens could avoid near-term bankruptcy. The relief provided a lift for riskier assets such as equities to the detriment of safe-haven government bonds.

 

The German Bund future was last 30 ticks down at 142.13 compared with 142.43 at Monday's settlement but traders said the losses were likely to be limited as the deal was already largely priced in.

 

 "We will see a bit of pressure on Bunds but not that much as the market was already discounting a deal," a trader said.

 

"The market is very short and people are looking at Spain which looks like it's not going to make an aid request until next year so we are likely to remain range-bound."

 

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln