qui parlano di un trader in Rome, chi è che di noi sta a Roma? il siculo-Li si è già trasferito e concede interviste alla Reuters?
Euro debt-Bund future hits 2-week low on spread play
LONDON, June 15 (Reuters) - Yields of euro zone debt rose sharply while the September Bund future fell to a two-week low on spread plays which saw investors getting out of euro debt and into U.S. Treasuries, and on strong gains in equities.
At 1252 GMT, yields of the benchmark 10-year Bund <EU10YT=RR> were up 4.1 basis points to 3.25 percent, having stood around 2.5 basis points higher on the day earlier.
Traders said the market gave a muted response to U.S. consumer price data at 1230 GMT which showed inflation was tamer than the market had expected. Another piece of data showed manufacturing activities in New York state picked up, reversing two previous months of negative growth.
"We are reacting not to the stronger Fed manufacturing data, because U.S. Treasuries are stable, but to profit-taking on the 10-year U.S.-Bund spread. The spread reached near 97 basis points and that was a trigger for American investors to sell euro assets and buy dollar assets," said a trader in Rome.
"It may not seem logical after the data but it's a spread move," he said.
The September Bund future <FGBLU5> hit a two-week low of 122.28 before backing up to stand 50 ticks lower on the day at 122.32 at 1252 GMT.
Other traders attributed the decline partly to gains in stocks which were driven by news of Nokia's outlook <NOKIV.HE> being changed to stable from negative.