Markets

Bunds reverse early losses on Fed stimulus talk

Published September 10, 2012 Updated September 10, 2012 07:19am

The combination of quantitative easing exepctations in the United States, fuelled by weak jobs data released last week, and ongoing concerns around euro zone struggler Greece helped support a bid for safe-haven German debt.

Bund futures rose to a session high of 140.92, up 27 ticks on the day having early fallen as low as 140.42.

"The non-farm payrolls and what's happening in Greece they seem not to agree on the budget cuts so that's supporting Bunds," a trader said.

Greece's foreign lenders have rejected parts of a nearly 12-billion-euro austerity package prepared by the government, Greek officials said on Sunday as the two sides resumed talks after a month-long hiatus.

Copyright Reuters, 2012