NEW YORK (dpa-AFX) – The prices of US government bonds hardly changed on Friday. The futures contract for ten-year government bonds (T-Note Future) remained at 111.41 points. The yield on ten-year bonds rose to 4.28 percent.
The war in the Middle East continues to be the focus of the bond market. Oil prices remained at a high level at the end of the week. However, the fluctuations were limited.
Despite concerns about the blockade of the Strait of Hormuz, the US continues to see itself on the path to success in the Iran war. The US attacks have been increased to the highest level ever, said US Defense Secretary Pete Hegseth on the 13th day of the war. The release of oil reserves by the International Energy Agency has not yet led to a sustained reduction in price levels. Uncertainty on the markets remains high.
Increased inflation risks therefore dampen the prospect of key interest rate cuts by the US Federal Reserve. Publish their monetary policy decisions this Wednesday. No changes to the key interest rate are expected here.
The economic data from the USA published in the afternoon hardly moved the bond market. The US economy grew less than expected in the fourth quarter. Incoming orders for durable goods only stagnated in January. The consumer climate surveyed by the University of Michigan did not deteriorate as much in March as feared. /jsl/mis
