Bond investors await US employment data

Bond investors await US employment data

Prices on US Treasury bonds fell Thursday after Wednesday’s declines and as investors await new US employment data, due to be released on Friday.

The employment report is expected to show an increase of 180,000 jobs.

Higher numbers could trigger a sell-off, but weaker figures would prompt more bond purchases.

In New York at mid-day, 2-year Treasuries had risen 4 basis points to yield 3.524 percent, while 10-year bonds were up 1.3 basis points to a yield of 3.905 percent.

Eurozone bonds remained at record low yields amid uncertainty after this week’s rejection of the European Union constitution by both French and Dutch voters.

The 10-year Bund hit a record low yield of 3.210 percent.

In the UK, meanwhile, gilt yields remained about the same ahead of Friday’s US employment data. Yields on 10-year gilts fell 0.7 basis points to 4.237, near the lowest yields since July 2003.

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