gnutrade.satya
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| German Government bonds escalated |
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German Government bonds ended on a positive side as Greece's 10-year bond rose on optimisim that the international support would help avert a greek debt crisis damping demand for the safest assets. Peter Schaffrik, fixed-income strategist at Commerzbank AG in London said: “The buzz word of the day was ‘EMF’ and the mere idea that has been floated around helped support spread products. The front end of the euro zone periphery is too cheap, and we recommend buying into weakness. As regards bunds, though, we believe in the opposite scenario: sell into strength.”
The yield on the 10-year bond fell one basis points to 3.15 percent.
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