Markets

Bunds erase gains on Merkel comments

Published November 21, 2012 Updated November 21, 2012 09:41am

 

German Chancellor Angela Merkel told a closed-door meeting of lawmakers that lower interest rates and an expanded EFSF rescue fund could fill Greece's financing gap.

 

"The news (overnight) was a bit disappointing, but Merkel comments this morning seem pretty supportive," one trader said.

 

German Bund futures were last 3 ticks down on the day at 142.35, having risen as high as 142.64 earlier.

Copyright Reuters, 2012