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.
Visited 1147 times, 2 so far today
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.