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Wednesday 10th of March 2010
April 10, 2006    

US bond yields down

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by Elaine Frei

Yields on US Treasury bonds were down on Monday as investors wait for new economic data scheduled for release later in the week. Also helping bond prices were comments by Federal Reserve governor Susan Bies, who implied that further hikes in the interest rate are not necessarily a given. Most analysts, however, still believe that rate hikes will come in May and possibly in June.

After reaching a yield of 4.994 percent on Friday, ten-year bond yields were down 2.5 basis points to 4.961 percent during the day Monday. Two-year yields were down 1.6 basis points to a yield of 4.898 percent.

Yields on government bonds were mixed in the Eurozone as worries about interest rate increases circulated there as well. Late in the day, yields on the two-year Schatz were up 1.4 basis points to 3.273 percent, but ten-year Bund yields were at 3.897, down 0.4 basis points.

In the UK, a sell-off sent yields higher on gilts. The two-year gilt added 2.1 basis points to 4.455 percent, while yields on the ten-year gilt were up 1.7 basis points to 4.437 percent.

The possibility that interest rates in the United States might rise again sent yields on Japanese government bonds higher. Yields on ten-year bonds added 0.5 basis points to 1.875 percent and thirty-year yields gained 3.5 basis points to 21.485 percent.

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