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EUREX / Solid U.S. economic data push bond futures

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FRANKFURT (Dow Jones) – The bond futures weaken on Monday afternoon trading on the Eurex. Surprisingly robust economic data from the U.S. weigh on the bond prices. 16.07 against the clock loses leading September contract on the collar 42 ticks to 128.16 % one .

The day’s low is at 128.09 % and the day’s high at 128.50 %. been implemented to date are approximately 355 500 contracts. The Bobl futures lost 21 ticks to 119.81 %.
The ISM Purchasing Managers Index has outperformed in July at 55.5 , the consensus forecast of 54.7 . Moreover, the construction expenditure of U.S. citizens in June are surprisingly rose by 0.1 % over in May. Economists , however, had an average of their estimates, expected to decline by 0.7 %. However, the preliminary figures for May were revised sharply downward.
"The economic numbers have surprised in the sum is positive, the burden on the pension , "said one dealer. Technically, the Bund future was supported by 128.05 % and 127.85 %. At 128.66 % and 128.91 % lie technical resistance.

DJG / bek / reh / adf