NEW YORK (dpa-AFX) – The prices of US government bonds fell on Monday after a friendly start. The futures contract for ten-year bonds (T-Note Future) recently lost 0.20 percent to 112.03 points. In contrast, the yield on ten-year US bonds rose to 3.86 percent.
The July purchasing managers’ indices compiled by S&P Global came in worse than expected for the US service sector and better than expected for the manufacturing sector. In the euro zone business sentiment had clouded over again in July, thereby increasing concerns about the economy.
Investors are primarily waiting for the US Federal Reserve’s interest rate decision. Another increase is expected on Wednesday. However, it is unclear how things will continue after that. Representatives of the US Federal Reserve are required to refrain from publicly commenting on monetary policy issues before the meeting./ajx/he