gnutrade.satya
Senior Member
Cash: $ 48.60
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Joined: 06 May 2009
Location: Hyderabad
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| US bonds and European Bonds |
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Treasuries ended on a low note as an industry report showed that as the economy improved so the US consumer confidence rose, reducing demand for the safety of fixed-income assets. Elwin de Groot, a senior market economist at Rabobank Groep in Utrecht, Netherlands said: “We are probably going to see further increases in Treasury yields. There’s still going to be a lot of supply. We’ve already seen European countries taking austerity measures but at the other side of the Atlantic, this is still not a major focus.”
Ten-year treasury notes were unchanged at 3.74 percent.
German government bonds saw a disappointing day yet again for a third consecutive day on friday as reports showed that US retails sales were stronger and also European officials considered guaranteed debt sales to help Greece. Padhraic Garvey, head of investment-grade debt strategy at ING Groep NV in Amsterdam said: “There is underlying evidence that economies are creeping back up, and a continuation of this will cause bunds to have a sell-off. Talks of common issuance also have reassured the market. It’s good for the region as a whole.”
The yield on the two-year note rose one basis points to 1.05 percent.
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