Bond futures head lower

05 Jan, 2009

Euro zone government bond futures fell at the start of the first trading day of the new year, tracking US Treasuries lower as risk appetite improved and stock markets gained.
At 0705 GMT, March Bond futures were 16 ticks lower from Tuesday's settlement close at 124.68. The contract did not trade on either Wednesday or Thursday. "We're got to levels now where we're really going to struggle to push ahead and certainly the short-end can't go too much further at the moment," said a trader.

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