NEW YORK (dpa-AFX) – US government bonds remained under pressure on Monday and started the new week with price losses. The futures contract for ten-year bonds (T-Note Future) fell by 0.46 percent to 115.19 points. In return, the yield on ten-year paper rose to 3.52 percent.
As early as Friday, surprisingly robust data from the labor market weighed on the government bonds that are considered safe. This trend has now continued.
Otherwise, the impulses remained rare. In the course of trading, a survey by the central bank Fed on the credit conditions of banks came into focus. In contrast to the job data, however, this survey did not point to a tighter survey monetary policy towards the Fed. “Lending was already restrictive and, according to the survey of credit departments of US banks, has become even more restrictive,” wrote Thomas Gitzel, chief economist at VP Bank. The survey on lending conditions confirms the view that the central bank will not make any further interest rate hikes./la/he
