Wed, 23 May 2012 13:02:47 GMT
Bund yields drop to records ahead of EU summit
German bunds rose on worries that European leaders will
struggle to resolve the euro zone debt crisis during tonight's European summit.
David Schnautz of Commerzbank AG in
London thinks that Europe is unlikely to solve key topics and will probably
disappoint the market. The 5-year bund lost 5 bp to 0.47 percent at 10:49 GMT
after tumbling to 0.461 percent, the lowest since 1990, when