Business & Finance

Bunds rise on ECB's Coeure comments

Published Updated

 

Bund futures were last 40 ticks higher on the day at 143.16.

 

"We had a comment from ECB's Coeure saying something ... (like) he does not expect (ECB long-term loan) repayments by banks to affect the (euro overnight interbank) Eonia rate."

 

"The market was fearing that the withdrawal of liquidity would drive up Eonia rates. That's the reason people are buying back into the short-end, and also the Bund."

 

Copyright Reuters, 2013