RPT-Bunds rise after ECB's Draghi says discussed depo rate cut

Thu Dec 6, 2012 7:36pm IST

Border Security Force (BSF) soldiers ride their camels as they rehearse for the "Beating the Retreat" ceremony in New Delhi January 27, 2015. REUTERS/Ahmad Masood

"Beating The Retreat" Rehearsals

Rehearsals are on for "Beating the Retreat" ceremony which symbolises retreat after a day on the battlefield, and marks the official end of the Republic Day celebrations.  Slideshow 

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LONDON Dec 6 (Reuters) - German Bund futures rose on Thursday after European Central Bank President Mario Draghi said policymakers discussed a potential cut into negative territory in the bank's overnight deposit rate.

Draghi did not elaborate further on the matter but the comments also pushed the euro to a session low of 80.95 pence against the British pound from 81.10 pence.

The Bund future rose as much as 39 ticks on the day to a session high of 145.49, driving 10-year German yields to 1.31 percent, their lowest since Aug. 31.

Overnight Eonia forward rates fell across the 2013 strip, with the July Eonia rate turning negative. Euribor futures <0#FEI:> rose slightly. (Reporting by the London Markets team; Editing by Marius Zaharia)

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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