FRANKFURT (Dow Jones)–After the Bund future was initially in positive territory in early trading, there is renewed pressure to sell over the course of the day. Bond trading is looking at the meeting of the central bankers in Sintra, which officially starts today. Interest rate strategists speak of a crisis meeting. 10 years ago, on July 26, 2012, the then ECB President Mario Draghi fired a verbal bazooka at the financial market with the words “Whatever it takes”, which caused the risk premiums within the euro area to decrease significantly. Perhaps there is another historic slogan in Sintra that will give the financial market a clear direction again, they say.
The September Bund futures contract loses 13 ticks to 146.27 percent. The daily high so far is 146.80 percent and the daily low is 146.19 percent. To date, 21,418 contracts have been implemented. The Bobl futures loses 7 ticks to 122.59 percent.
DJG/thl/gos
(END) Dow Jones Newswires
June 28, 2022 02:56 ET (06:56 GMT)