Bunds hit session low, reverse Tuesday’s gains

LONDON, Nov 24 (BestGrowthStock) – December Bund futures hit a
session low on Wednesday, reversing all of the previous day’s
gains.

Bund futures fell as low as 127.78, down over a full point
on the day, while cash yields (DE10YT=TWEB: ) were almost 10 basis
points higher at 2.648 percent.

“Yesterday was a very strong reaction and today we are
getting a little bit of relief, partly helped by some of the
U.S. and European data we’re getting and partly by the fiscal
consolidation that we’re seeing from Ireland,” a trader said.

Bunds hit session low, reverse Tuesday’s gains