FRANKFURT (Dow Jones) – The rally in bond markets has resume on Thursday afternoon. The Bund futures rise against 15.47 CET on Eurex clock up 14 ticks at 124.25%. The intraday high of 124.44% is nurmehr 9 ticks below the previous Kontrakthoch of 5 February. That Low stands at 124.09%. Were traded have been approximately 714,000 Contracts. The BOBL future sets by 12 ticks to 118.28% and has previously at 118.40% new Kontrakthoch achieved.
Support for the rally at Federation, one of the last safe harbors, is certainly the renewed focus on the topic Greece, "writes the Metzler Bank in a market commentary. The Rating agency Standard & Poor’s has warned that the Creditworthiness of Greece within the next month further modulated could be. There were risks in terms of growth prospects and the public reaction to the austerity program in the country.
From a technical perspective, the upward momentum has the Bund future recently diminished somewhat, "said a dealer. were also the Revenues declined sharply. Above the contract highs 124.53% 124.71% lie with another resistor. Support lie at 123.70% and 123.22%.
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(END) Dow Jones Newswires
February 25, 2010 09:54 ET (14:54 GMT)
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