|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Tuesday 02nd of December 2008
May 24, 2006

Bond yields mixed globally


by Elaine Frei

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.

Discuss this in the Finance Markets forums

Story link: Bond yields mixed globally


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

 

 

Previous: « US dollar strengthens on homes data
Next: FTSE 100 loses 91.6 points on day »

Visited 367 times, 1 so far today