Bonds round-up: Bunds fall back ahead of EU meeting

Date: Monday 15 Feb 2010

German bunds have fallen back slightly except at the shorter-dated end. The market is waiting for news of a meeting between eurozone finance ministers later today and tomorrow. They are expected to come up with a more detailed plan to help ease Greece's debt crisis.

Two-year bund yields are one basis point lower at 0.97%, while ten-year yields are one basis point higher at 3.2%.

UK gilts are heading lower as there is news that redundancies are planned in the public sector.

The Chartered Institute of Personnel and Development’s (CIPD) quarterly survey indicates that public sector employers intend to cut staff numbers.

Two-year yields are three basis points higher at 1.2% and ten-year yields are a similar amount ahead at 4.07%.

The US market is closed today.

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