Markets

Bund futures reverse gains, tracking US Treasuries

Published July 10, 2013 Updated July 10, 2013 02:45pm

1 min

By Muhammad Iqbal

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LONDON: German Bund futures reversed gains on Wednesday, tracking weakness in US Treasuries before a 10-year T-note auction and minutes to the US Federal Reserve's June meeting.

Bund futures fell as low as 142.41, 15 ticks lower on the day, having traded as high as 142.87 earlier as peripheral euro zone bonds underperformed after Standard & Poor's cut Italy's credit ratings to one notch above 'junk'.

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