Wednesday, 21 November 2012 15:05
LONDON: British gilts rose in early trade on Wednesday after euro zone finance ministers failed to reach an agreement overnight on releasing another aid tranche for Greece, dampening appetite for riskier assets.
Greece's international lenders failed to agree on how to get the country's debt down to a sustainable level. Eurogroup Chairman Jean-Claude Juncker said the delay was caused by "technical reasons" and other officials said a deal was close.
"With market sentiment generally positive in the past few days, renewed concerns surrounding Greece could act as a catalyst for a resurgence of negative sentiment," said Barclays strategists.
At 0837 GMT, the December gilt future was 11 ticks higher at 119.53, broadly in line with the equivalent Bund , which was 15 ticks higher at 142.53.
A key focus for gilt investors on Wednesday will be the minutes from the Bank of England's latest policy meeting, due for release at 0930 GMT.
The minutes will ...