US bond yields up on data
by Elaine Frei
Prices for US Treasury bonds were lower and yields rose after new data dashed hopes that the Federal Reserve might cut interest rates this year. May saw 157,000 new non-farm jobs created in the United States, while the Institute for Supply Management showed that US manufacturing activity grew in May. Most analysts agree that the trend toward higher bond yields will likely continue for the foreseeable future.
Two-year Treasury bonds yielded 4.98 percent on the session, up from Thursday’s yield of 4.92 percent. Ten-year paper was yielding 4.95 percent, higher than the 4.89 percent yield recorded Thursday afternoon, while yields on thirty-year issues were at 5.05 percent, up from 5.01 percent on Thursday. Yields were generally at their highest levels in nine months.
Story link: US bond yields up on data
Add to Bookmarks:
Related Stories:
Bond yields down across board ...US bond yields on the rise again ...
US Treasury bond yields lower on home sales data ...
US Treasury bond yields gain ...
US Treasury bond yields higher on data ...
Previous: « European markets up substantially
Next: US dollar gains on jobs, manufacturing figures »
Visited 366 times, 3 so far today
