US Treasury bond yields decline slightly, remain above 5 percent

Government bond yields in the UK and the Eurzone reached multi-year highs in afternoon trade in London on Wednesday. The ten-year gilt in the UK was 8.4 basis points higher to 5.514 percent, a nine-year high. Meanwhile, the ten-year Bund added 6.3 basis points to a yield of 4.676 percent, the highest yield on the German issue in five years. The declines in bond prices and resultant gains in yields came as investors sold bonds out of concerns about rising interest rates.

Meanwhile, in afternoon trade in the United States, bond yields fell slightly but remained at over 5 percent. Two-year Treasury bonds were yielding 5.08 percent, while five-year paper was at a yield of 5.14 percent. Ten-year issues saw their price add $ 5.62 for a $1,000 note, sending yields down to 5.21 percent, down from a five-year high 5.29 percent on Tuesday. Thirty-year bonds saw yields drop from 5.39 percent Tuesday to 5.28 percent on Wednesday afternoon as the price for a $1,000 note added $15.

Story link: US Treasury bond yields decline slightly, remain above 5 percent