LONDON: German Bund futures fell, stocks rallied and two-year bond yields rose on Thursday after European Central Bank President Mario Draghi said the decision to leave rates on hold at 0.75 percent was unanimous.
Bund futures slid to a session low of 142.91, extending losses by around 40 ticks after Draghi's comment, which was seen as a departure from last month's signal that the bank was divided on whether to cut rates. Short-term German bond yields rose 3 basis points on the day to 0.09 percent.
Euribor futures fell as Draghi spoke.
The March 2013 contract was down 1.5 basis points and the June 2013 contract was 3 bps lower. Both were flat at the beginning of the news conference.
The FTSEurofirst 300 index of top European shares was up 0.2 percent at a session high of 1,170.11 points at 1347 GMT. The index was flat before Draghi started his press conference.
Center>Copyright Reuters, 2013
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