gnutrade.satya
Senior Member
Cash: $ 48.60
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Joined: 06 May 2009
Location: Hyderabad
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| US Treasuries and European Bonds |
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Treasuries in the US lost again against the rising equities as optimism about global recovery continued with Greece's recvery confidence and lesser fall in US payroll numbers. Sean Simko, who oversees $8 billion at SEI Investments Co. in Oaks, Pennsylvania, said: "We’re getting close to the tipping point. The near-term move will be higher in yields. Once there’s more confidence from the consumer, that will help continue the growth of the economy.”
Ten-year yields increased seven basis points to 3.68 percent.
Bunds also slipped on good US payroll data and Fectory orders rose in Germany. John Davies, a fixed-income strategist at WestLB AG in London, said: "US payrolls were obviously a bit stronger than expected and the unemployment rate probably has peaked. This creates a rosier picture. It’s not surprising we’re getting a quick sell-off. And the market is growing more optimistic about Greece.”
The yield on the 10-year bond rose 3 basis points to 3.15 percent.
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