LONDON, Nov 25 - Euro zone government bond futures rose on Tuesday after Germany's Ifo business sentiment index was recorded not as strong as some investors had expected. The key survey of the euro zone's largest economy showed business sentiment index at 95.7, compared with a median forecast of 95.0, and an actual reading of 94.2 in October. "People were preparing themselves for higher figures and now they're covering their short positions. Sell the rumour and buy the fact," said a senior trader in Amsterdam
At 0905 GMT, the December Bund future was down eight ticks on the day at 112.24, compared with 112.18 ahead of the German data. The December Euribor futures contract , a gauge of short-term euro zone interest rate expectations, was at 97.840. unchanged on the day and up from 97.835 before the data. The March 2004 contract was at 97.720, down 1.5 basis points on the day.//