ANL 34.32 Decreased By ▼ -0.20 (-0.58%)
ASC 14.85 Decreased By ▼ -0.31 (-2.04%)
ASL 24.50 Decreased By ▼ -0.33 (-1.33%)
AVN 90.24 Decreased By ▼ -4.76 (-5.01%)
BOP 7.79 Decreased By ▼ -0.08 (-1.02%)
BYCO 10.05 Decreased By ▼ -0.26 (-2.52%)
DGKC 124.20 Decreased By ▼ -2.40 (-1.9%)
EPCL 56.30 Decreased By ▼ -0.86 (-1.5%)
FCCL 24.31 Decreased By ▼ -0.19 (-0.78%)
FFBL 27.60 Decreased By ▼ -0.36 (-1.29%)
FFL 16.05 Increased By ▲ 0.01 (0.06%)
HASCOL 9.74 Decreased By ▼ -0.28 (-2.79%)
HUBC 80.00 No Change ▼ 0.00 (0%)
HUMNL 6.44 Decreased By ▼ -0.01 (-0.16%)
JSCL 20.50 Increased By ▲ 0.09 (0.44%)
KAPCO 40.21 Decreased By ▼ -0.73 (-1.78%)
KEL 3.85 Decreased By ▼ -0.02 (-0.52%)
LOTCHEM 16.25 Decreased By ▼ -0.99 (-5.74%)
MLCF 46.60 Decreased By ▼ -0.31 (-0.66%)
PAEL 35.10 Decreased By ▼ -1.07 (-2.96%)
PIBTL 10.33 Decreased By ▼ -0.16 (-1.53%)
POWER 9.25 Decreased By ▼ -0.10 (-1.07%)
PPL 85.50 Decreased By ▼ -0.24 (-0.28%)
PRL 25.01 Decreased By ▼ -0.70 (-2.72%)
PTC 9.55 Increased By ▲ 0.10 (1.06%)
SILK 1.24 Increased By ▲ 0.07 (5.98%)
SNGP 38.82 Decreased By ▼ -0.54 (-1.37%)
TRG 167.40 Increased By ▲ 7.79 (4.88%)
UNITY 30.65 Decreased By ▼ -0.10 (-0.33%)
WTL 1.53 Increased By ▲ 0.10 (6.99%)
BR100 4,820 Decreased By ▼ -31.91 (-0.66%)
BR30 25,669 Decreased By ▼ -2.82 (-0.01%)
KSE100 44,978 Decreased By ▼ -208.43 (-0.46%)
KSE30 18,443 Decreased By ▼ -42.02 (-0.23%)

Coronavirus
VERY HIGH
Pakistan Deaths
15,619
11824hr
Pakistan Cases
729,920
431824hr
Sindh
269,474
Punjab
252,974
Balochistan
20,397
Islamabad
66,983
KPK
100,275
Markets

Bunds fall, recent sell-off could attract buyers

LONDON: German Bunds extended losses on Thursday one day after a disappointing bond sale sparked fears the debt crisis w
24 Nov 2011

 LONDON: German Bunds extended losses on Thursday one day after a disappointing bond sale sparked fears the debt crisis was taking a toll on the euro zone's power house, but cheaper bond prices could lure investors back into the perceived safe-haven asset.

Market participants would keep an eye on a meeting of leaders from France, Germany and Italy in Strasbourg, where they are due to discuss new Italian Prime Minister Mario Monti's planned reforms, as well as the bloc's overall strategy for dealing with the crisis.

Ten-year German government bond yields hit their highest level in nearly a month at 2.12 percent in early trade and one trader said they would be looking to buy when yields reached 2.15 percent.

"I still think Bunds go up when it all goes wrong. There's going to be more market stress before Bunds can sell off aggressively I think," the trader said.

The German Bund future extended the previous day's losses, falling 66 ticks to 135.15. On Wednesday, it slumped 144 ticks as the German debt agency could not find buyers for almost half of its 6 billion euro bond sale.

Trade was expected to be thinner than usual, with the US Treasury market closed for Thanksgiving holiday.

Copyright Reuters, 2011