Government bonds up in US and UK
by Brian Turner
Government bond yields were up in the United States and in the UK, but they fell in the eurozone and in Japan on Thursday.
At mid-day in New York, US Treasury bonds were up as investors tried to figure out whether Alan Greenspan had said anything new in his Thursday appearance before a Congressional committee.
The 2-year Treasury was up 2.9 basis points to a yield of 3.636 percent, while the 10-year issue gained 1.5 basis points to 3.958 percent.
The decision by the Bank of England to keep interest rates at 4.75 percent for the tenth straight month had little effect on prices and yields on gilts.
Of more influence was news that the manufacturing sector did better in April after a poor showing in March. The 2-year gilt advanced by 2.5 basis points to a yield of 4.306 percent, and 10-year gilts yielded 4.236 percent, a rise of 2.7 basis points.
In late trading in the eurozone, meanwhile, the 10-yearBund lost 1.3 basis points to yield 3.115 per cent.
In Japan, the 10-year government bond fell by 1.5 basis points to a yield of 1.215 percent. In an auction of a 5-year issue, the Ministry of Finance sold ¥1,826 billion, with an average yield of 0.448 percent.
Discuss this in the Finance Markets forums
Story link: Government bonds up in US and UK
Add to Bookmarks:
Related financial stories to: Government bonds up in US and UK
- Eurozone government bonds up, gilts mixed
- Yields on Japanese government bonds high on optimism
- Prices on government bonds down in US, up in eurozone and UK
- Most European government bonds hold steady
- Government bonds seen as safe; prices up
- Yields down on US bonds, up elsewhere
- Falling industrial production numbers raises prices on US treasury bonds
- Yields fall on 10-year US treasury bonds
- US Treasury bonds in demand
- Yields higher on US Treasury bonds
Tags:
Previous: « Dollar rallies against other currencies
Next: Hurricane fears for US oil supplies »
Visited 609 times, 2 so far today
