LONDON, Oct 12 (Reuters) - German government bond futures extended gains to a session high of 132.14 on Tuesday as more evidence of a slowing global economy boosted safe haven flows into core European issues like Bunds.
India's annual industrial output growth plummeted to single-digits in August.
"Equity futures are down so Bund futures are up. It's risk aversion manifesting itself," a dealer said.
"Data from India on has been worse than expected. Bund futures are probably going to find a base and widen out a bit from here," he added.
The December Bund future rose more than half a point early in the session and was up 41 ticks on the day at 132.04 by 0648 GMT.
"There are some depressing numbers out of India, Japan and Australia today and they all help contribute to the malaise, supporting the case for talk of U.S. Quantitative Easing," Marc Ostwald, a bond strategist at Monument Securities said. (Reporting by George Matlock and Nia Williams; Editing by Kazunori Takada)