German Bunds rise as ECB's Nowotny sees weaker growth, inflation

LONDON: German Bund futures rose on Monday after European Central Bank policymaker Ewald Nowotny said the euro zone was experiencing "massive weakening" in its economy and that he expected inflation to fall early next year.

Nowotny said the ECB would have to discuss the pros and cons of government bond purchases and that quantitative easing could play a valuable role in addressing economic weakness.

Bund futures were 47 ticks higher on the day at 152.40.

"They seem to have taken off after these dovish comments by Nowotny," said one euro zone government bond trader.