|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Saturday 22nd of August 2009
May 24, 2005

Worries about European economies hits bond prices


by Brian Turner
Worries about European economies hits bond prices

Worries about the weakness of European economies sent the prices of US Treasury bonds up while yields neared three-month lows on Tuesday.

Yields on 2-year bonds fell 2.5 basis points to 3.599 in late trading. 10-year bonds lost over 3 basis points to yield 4.029 percent, and 30-year bonds were down 2.5 basis points to 4.358.

Investors generally ignored good news on April home sales while the release of the minutes of the Federal Reserve’s May 3 meeting seemed to have little impact.

Yields on eurozone bonds also fell on news of a survey that showed German investor confidence at a 6-month low. The 2-year Schatz yielded 2.203 percent, down 4 basis points, and the yield on the 10-year Bund stood at 3.3 percent, a decline of 0.8 basis points.

In the UK, the 2-year gilt lost 2.2 basis points to yield 4.346 percent, while the 10-year gilt stood at a yield of 4.326 percent, down 3 basis points. A sale of £4.25 million in index-linked bonds did well.

Meanwhile in Japan, the 10-year government bond closed at a yield of 1.255 percent, down 3.5 basis points and its lowest level in over two weeks.

Discuss this in the Finance Markets forums

Story link: Worries about European economies hits bond prices


Add to Bookmarks:

ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL

 

Tags:

 

Previous: « Dollar fractional as forint falls on cuts
Next: Equities markets mixed Tuesday »

Visited 612 times, 1 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment