FRANKFURT (dpa-AFX) – The prices of German federal bonds hardly moved on Friday. The trend-setting Euro Bund future fell by 0.01 percent to 129.13 points. The yield on the ten-year federal bond was 2.66 percent.
Bond prices moved within a narrow range. The better-than-expected German export data hardly moved the bond market. After a setback in the summer, German exports increased surprisingly significantly in September. However, economists and experts do not want to talk about a permanent upswing: the uncertainties in world trade are too great.
The US consumer confidence figures, which were better than expected in the US in the afternoon, did not cause any major price fluctuations. Consumer confidence surveys by the University of Michigan deteriorated more than expected in November. “As the U.S. federal government shutdown drags on for more than a month, consumers are increasingly expressing concerns about potential negative impacts on the economy,” said survey director Joanne Hsu.
The so-called shutdown has been going on since October 1st and is the longest in US history. Because of the shutdown, no other economic and labor market data were published in the USA./jsl/stw