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    Citibank sold around $11 billion of government bonds, apparently in just a couple of minutes, on August 2. How much did Bund futures move as a result of the above trade?

    Question #53370. Asked by Ajeetkc. (Dec 22 04 9:51 AM)


    boxingdaisy

    		About 30 ticks. Citi is quoted as saying "below our standard" which may be why the trades are caught up in an investigation. I suspect if the trade had been USD11b instead of EUR11b then Bund futures may not have moved quite so much, Ajeetkc.

    http://www.legalday.co.uk/current/capitalmarkets.htm

    Jan 02 05, 5:54 AM

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