Markets
Bund extends gains after US housing data
LONDON : German bonds extended gains on Friday after US data showed pending home sales fell far more than expected in
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The June Bund future was 17 ticks higer on the day at 125.66 in a choppy trading session.
US figures dealt a blow to hopes of a recovery in the housing market, helping US Treasuries to retrace losses, but other data showed consumer sentiment improving in May in the world's largest economy.
Copyright Reuters, 2011