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Deutsche Anleihen: Fester - Ölpreis und schwache US-Daten stützen

Die Kurse deutscher Anleihen sind am Dienstag deutlich gestiegen. Schwache Konjunkturdaten und gestiegene Rohölpreise hätten die Festverzinslichen gestützt, sagten Händler. Der richtungsweisende Euro-Bund-Future stieg bis Handelsschluss um 0,27 Prozent auf 115,59 Punkte nach. Die Rendite der zehnjährigen Bundesanleihe sank auf 3,99 Prozent.

dpa-afx FRANKFURT. Die Kurse deutscher Anleihen sind am Dienstag deutlich gestiegen. Schwache Konjunkturdaten und gestiegene Rohölpreise hätten die Festverzinslichen gestützt, sagten Händler. Der richtungsweisende Euro-Bund-Future stieg bis Handelsschluss um 0,27 Prozent auf 115,59 Punkte nach. Die Rendite der zehnjährigen Bundesanleihe sank auf 3,99 Prozent.

Es gebe zurzeit eine positive Korrelation zwischen den Rohölpreisen und dem Anleihenmarkt, sagte Audrey Childe-Freemann von Cibc World Markets. Die Ölpreise haben am Dienstag wegen der anhaltenden Produktionsbehinderung im Golf von Mexiko Rekordstände erreicht. Der US-Rohölpreis legte im elektronischen Handel am New Yorker Warenterminmarkt Nymex in der Spitze auf 50,99 Dollar je Barrel (159 Liter) zu.

Auch die in den USA im September gestiegenen Massenentlassungen hätten die Festverzinslichen gestützt, sagten Händler. In den USA ist die Zahl der Neuankündigungen von Massenentlassungen im September auf den höchsten Stand seit Januar gestiegen. Sie sind um 45 Prozent auf 108 000 geklettert.

Beflügelt worden seien die Festverzinslichen auch durch den schwächer als erwartet ausgefallenen Einkaufsmanagerindex für den Dienstleistungssektor in der Eurozone, sagten Händler. Der Index fiel von 54,5 Punkten im Vormonat auf 53,3 Punkte.

London (AFX) - European government bonds recovered further as oil prices hit new highs, and after a disappointing survey into the euro zone's service sector and bad news on the US jobs front. Oil prices surged to record highs above 50 usd a barrel on worries about supplies from the Gulf of Mexico, where almost 30 pct of production remains affected by recent hurricanes. US benchmark crude futures for November delivery gained 69 cents to 50.60 usd a barrel, while the price of Brent North Sea crude oil for delivery in November also bounced 69 cents to a new high of 46.88 usd. "We have seen a sharp reversal in oil prices today and that has caused a similar reversal in bond markets," said Ray Attrill, research director at 4cast.

In addition, bonds were buoyed by this morning's euro zone data. Official figures from the Bundesbank showed the seasonally adjusted jobless total in Germany, the euro zone's largest economy, in September up at 4 445 mln, up from a revised 4 418 mln in August. That pushed up the seasonally adjusted unemployment rate in September to 10.7 pct from 10.6 pct in August. Meanwhile, the euro zone purchasing managers' index for services fell to 53.3 in September from 54.5 in August and expectations of a more moderate decline to 54.4. "This dip together with the earlier reported dip in the manufacturing PMI must surely test the European Central Bank's apparent bullishness on the outlook for growth," said Daragh Maher, analyst at Calyon. Meanwhile, US data this afternoon did little to support buoyant expectations about this Friday's September jobs report. The latest monthly survey into layoffs by the outplacement firm Challenger Grey & Christmas in the US painted some grim news. The survey found that layoff announcements by US companies surged 45 pct in September to almost 108,000, the highest number of planned job cuts since January. "The return to six-figure job-cut levels paints a grim picture for ongoing economic growth, as such activity is generally considered a measure of how companies view future business conditions," John Challenger, chairman of the firm, said in a written statement. And the monthly survey into the US non-manufacturing from the Institute for Supply Management was not much better either. The survey's main index slipped to 57.6 pct in September from 58.2 pct in August and expectations of a modest rise to 58.6. "The surveys played to the prevailing bullish grain of the market," said 4cast's Attrill. In the UK, gilts were supported by a much weaker-than-expected report into the service sector and further subdued price pressures on the high street. The Chartered Institute of Purchasing and Supply's purchasing manager index of activity in the UK services sector fell to 54.7 in September from 56.9 in August, much lower than expectations of a more moderate decline to 56.5. Ciaran Barr, chief economist at Deutsche Bank, said the data supports the argument that the repo rate has peaked. The majority of forecasters still believe that the rate-setting Monetary Policy Committee will raise the cost of borrowing another quarter point to 5.00 pct in November, alongside its next quarterly Inflation Report. Elsewhere, the British Retail Consortium said its shop price index for September showed the annual rate of inflation increased by only 0.41 pct, the lowest rate this year. On a month-on-month basis, prices fell 0.05 pct.

At Yield Change on 1 415 GMT pct previous close

Sept euribor future (Liffe) 97 770 unchanged

Germany Sept bund future (Eurex) 115.53 up 0.21 4.25 pct Jan 2014 govt bond 102.03 3.99 up 0.27

France 4.00 pct April 2014 govt bond 99.59 4.05 up 0.28

UK Sept gilt future 107.66 up 0.42 5.00 pct Sept 2014 govt bond 99.25 4.84 up 0.44 Dec short sterling future 95.02 up 0.02

Italy 4.25 pct Oct 2013 govt bond 100.65 4.21 up 0.27

Spain 4.75 pct Jul 2014 govt bond 102.74 4.07 up 0.29

Netherlands 3.75 pct Jul 2014 govt bond 97.62 4.04 up 0.29

Belgium 4.25 pct Sept 2014 govt bond 101.45 4.07 up 0.30

Greece 4.50 pct May 2014 govt bond 102.31 4.20 up 0.29

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