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Markets

Bunds rise as Obama win supports bonds

Published November 7, 2012 Updated November 7, 2012 09:12am
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By Imad Uddin
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germany-bondsLONDON: German Bund futures rose on Wednesday, erasing early losses and climbing well above lows seen in after-hours trading in the previous session as the US election result proved marginally positive for low-risk bonds.

 

Bund futures were last at 142.09, flat against Tuesday's 1615 GMT settlement, and rising from a session low of 141.77 seen early on Wednesday.

 

The rise matched a rally in US debt prices following Barack Obama's re-election as US President, leaving the yield spread between the two country's 10-year bonds steady at around 26 basis points.

 

Copyright Reuters, 2012

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