Monday August 18, 04:27 PM
Bonds round-up
LONDON (ShareCast) - Bonds moved in different directions across the markets, but traded in a narrow range with little in the way of economic data to offer stimulus. US treasuries advanced as traders bet easing inflation and continued economic
concerns would keep interest rate rises off the agenda. Data from the National Association of Home Builders later today may offer further direction.The yield on a 10-year note was down two basis points at 3.82%. European bonds also lacked direction, with German bonds also edging up slightly but UK bonds falling back. The yield on Germany's benchmark bund edged lower by one basis point to 4.15%. UK bonds were down though, despite some gloomy economic news including a recession warning, lower house prices and reduced business confidence. The yield on a 10-year UK gilt climbed two basis points to 4.59%.
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