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Tuesday 06th of January 2009
June 23, 2005

Bond yields rise in US and Europe


by Brian Turner
Bond yields rise in US and Europe

Yields on government bonds rose in the United States, the eurozone, and the UK on Thursday, but in Japan, prices increased and yields fell.

In Japan, 10-year government bonds lost 4 basis points to yield 1.225 percent in response to rallies on global bond prices in recent days.

In the US, 10-year bonds gained 1.9 basis points to yield 3.965 percent by late morning in New York.

Investors paid little attention in a drop in new unemployment claims but were attentive to the day’s testimony from John Snow and Alan Greenspan in front of the US Senate’s finance committee.

In the eurozone, profit-taking sent yields higher, but analysts did not think losses in prices would be high on signs of slow growth in the region.

Consumer confidence was down in Italy and the French office of national statistics cut predictions of growth.

The 10-year Bund gained 0.2 basis points to a yield of 4.259 percent. In the UK, the 10-year gilt was up 0.6 basis points to yield 4.259 percent.

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