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Markets

Bunds fall after technical levels breached

Published September 4, 2012 Updated September 4, 2012 08:19am

germany-bondsLONDON: German Bund futures reversed early gains on Tuesday with traders citing the breaking of technical levels which triggered some selling as anticipation grew the ECB will give details of a new bond-buying scheme on Thursday.

"There's a bit of selling up ahead of the ECB, but not a lot more than that. We've triggered some stops on the way down and looking at around 143.15 as the next level," a trader said.

 Bund futures were last 33 ticks down on the day at 143.22, with high volume traded around the 143.34 level.

Copyright Reuters, 2012

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