Bond yields mixed globally
US Treasury bond yields were up slightly on Wednesday, while Eurozone and British yields were down on the day.
The upcoming sale of a batch of two-year Treasury notes and new data showing that new home sales were up last month sent yields on two-year bonds up by 0.4 basis points by late morning in New York to a yield of 4.933 percent. Ten-year issues saw yields rise by 0.8 basis points to 5.026.
In the Eurozone, meanwhile, a higher than expected level in a key business confidence reading in Germany raised the possibility that the European Central Bank will hike interest rates when they meet next month. This sent yields on the two-year Schatz down 1 basis point to 3.259 percent, while the ten-year Bund dropped 3.3 basis points to a yield of 3.885 percent.
In the UK, the two-year gilt declined by 1.8 basis points to yield 4.695 percent and the ten-year gilt yielded 4.581 percent, a drop of 4.2 basis points. Yields were affected by investors who were leaving the stock market in an attempt to minimize risk.
The ten-year Japanese government bond benefited by a significant rise in the Nikkei 225, adding 3 basis points to a yield of 1.820 percent.
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