NEW YORK (dpa-AFX) – The prices of US government bonds fell on Thursday after the last two days of profits. The futures contract for ten-year bonds (T-Note Future) recently fell by 0.60 percent to 114.47 points. In return, the yield on ten-year government bonds rose to 3.50 percent. The day before it had been the lowest it had been in three months.
Market observers pointed to a countermovement, which was also reflected in a cautious recovery on the New York stock markets. Especially among the technology stocks, which are concentrated on the Nasdaq, prices rose again on Thursday after a very weak December so far.
Weak, but as expected, jobs signals received some attention on Thursday. Despite the increase, US weekly initial jobless claims remained low, indicating continued robustness in the labor market. The US Federal Reserve takes labor market developments into account in its calculations monetary policy.
In the midst of the fight against high inflation, the central bank is likely to raise its key interest rates less significantly than recently on Wednesday. On Friday and Tuesday, however, new important findings are expected with the producer and consumer prices.
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