German bund futures spike higher after IMF Grexit comments
LONDON, May 29 (Reuters) - German bund futures spiked higher on Friday with traders citing comments made by the head of the International Monetary Fund Christine Lagarde to a German newspaper that a Greek exit from the euro zone was a possibility.
Bund futures opened 37 ticks higher at 155.27, while 10-year yields dipped 3 bps to 0.51 percent.
"Lagarde calling an exit a possibility - which is the first time we have heard such comments - seems to be the reason," said one trader.
(Reporting by John Geddie, editing by Karin Strohecker)
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