January 22, 2013 / 1:27 PM / 5 years ago

EURO GOVT-Bunds rise after failing to break last week's lows

LONDON, Jan 22 (Reuters) - German Bund futures reverse earlier losses on Tuesday, with traders citing renewed buying interest at levels close to last week’s lows, seen as near-term technical support.

“There’s fast money playing technical levels. We didn’t get down through 142.50 and so now it’s coming back. We’d look at 143.20 as a short-term resistance on the upside,” one trader said.

Bund futures were 5 ticks higher on the day at 142.95, having fallen as low as 142.54.

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