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Thursday 01st of May 2008
September 15, 2006

Bond yields fall in US, Eurozone


by Elaine Frei

New data on consumer price inflation data sent prices of US Treasury bonds up on Friday. Both headline and core consumer prices were up by 0.2 percent in August, according to the latest survey. Also helping bonds prices to rise was a survey showing that consumer sentiment has improved in the United States. In late-morning trade in New York, the ten-year Treasury bond was down 2.6 basis points to 4.77 percent.

Eurozone bonds were also helped by better sentiment in the US after a week in which investors worried about statements from officials that tended to indicate that interest rate hikes are on the way in Europe, possibly in both October and December. By late in the session, yields on the ten-year bund were down by 3.6 basis points to 3.770 percent.

In the UK, investors were looking forward to the minutes from this month’s meeting of the monetary policy committee of the Bank of England for a hint as to where interest rates there might go next. Yields on the ten-year gilt were a bit higher, up 0.4 basis points to 4.580 percent Friday.


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