US bonds: yields approaching multi-year highs

NEW YORK (dpa-AFX) – US government bond prices fell again on Friday. The futures contract for ten-year bonds (T-Note Future) recently lost 0.23 percent to 109.50 points. In return, the yield on ten-year bonds rose to 4.34 percent. It moved back towards its multi-year high from August.

In the early afternoon, data on industrial sentiment in New York State was significantly better than expected. The Empire State Index rose in September from minus 19.0 points in the previous month to plus 1.9 points. With a level above the zero line, the indicator signals an upturn in economic activity. In the further course of trading, data on industrial production will be on the agenda, among other things./jcf/bgf/mis

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