Markets
Bund futures drop a full point after US data
LONDON : German Bund futures lost one full point in price on Monday, tracking US Treasuries lower as a surprising rise i
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LONDON: German Bund futures lost one full point in price on Monday, tracking US Treasuries lower as a surprising rise in consumer spending in July reduced fears about a recession and bets for further monetary stimulus by the Federal Reserve.
Bund futures were last 91 ticks down at 134.30, having fallen earlier as low as 134.21.
The US Commerce Department said personal spending increased 0.8 percent, the biggest monthly rise in five months, after slipping 0.1 percent in June.
Copyright Reuters, 2011
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