|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Wednesday 29th of October 2008
May 12, 2005

Bond prices down on good treasury data


by Brian Turner
Bond prices down on good treasury data

More strong US economic data sent prices down and yields up on US Treasury bonds Thursday.

At mid-day, yields on 2-year bonds had risen 2 basis points to 3.703 percent and yields on 10-year bonds were up 2.6 basis points to 4.236 percent against a background of an upcoming auction of $14 billion in new Treasury bonds.

In the eurozone, meanwhile, news of a stronger-than-expected growth in the German economy sent prices on government bonds down as yields rose.

Germany’s economy grew by 1 percent in the first quarter while the eurozone as a whole grew by 0.5 percent.

This news overshadowed data which showed that Italy was in a recession and that the Dutch were close to recession.

The 2-year Schatz saw yields up 2.2 basis points to 2.191 percent while the 10-year Bund changed little to yield 3.316 percent.

In the UK, yields on the 2-year gilt fell 4.5 basis points to 4.349 percent and 10-year gilt yields were down 2.6 basis points to 4.388 percent.

In Japan, the 10-year government bond was yielding 1.285 percent, up 1 basis point.

Discuss this in the Finance Markets forums

Story link: Bond prices down on good treasury data


Add to Bookmarks:

ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL

 

 

Previous: « Dollar regains on good employment and trade figures
Next: Taipai and Singpore enjoy good day on the exchanges »

Visited 621 times, 2 so far today