Eurozone bond investors wait on coming economic data

In the UK, housing market data and figures on factory gate prices had little impact on bonds prices and yields as investors anticipated further economic date due later this week, including consumer price inflation figures due out later on Monday.

10-year gilts were up 5.7 basis points to a yield of 4.301 percent. Meanwhile, in the eurozone, yields were up on 10-year bonds but down on 2-year bonds. The 10-year Bund was up 6.1 basis points to yield 3.194 percent, while yields on the 2-year Schatz were down 0.1 basis point to a yield of 2.072 percent.

In Japan, 10-year government bonds rose 2 basis points to yield 1.235 percent. Prices were affected by the auction of a new 20-year issue coming up on Thursday. Yields were up on US Treasury bonds as the sell-off begun on Friday continued. Investors engaged in profit-taking by selling 2-year bonds and buying 10-year bonds to take advantage of rising yields on the 10-year issues.

Ten-year bonds were up 3.9 basis points to yield 4.096 percent, while 2-year bonds were rose 1.7 percent to a yield of 3.716 percent. The spread between yields on the two bonds widened to 39 basis points, but from a low of 33 basis points.

Story link: Eurozone bond investors wait on coming economic data