FRANKFURT (dpa-AFX) – German federal bonds fell in price in early trading on Thursday. The trend-setting futures contract Euro-Bund-Future fell by 0.13 percent to 129.43 points in the morning. The yield on ten-year federal bonds rose slightly to 2.75 percent.
The interest rate boost came from the USmonetary policy. As expected, the Federal Reserve left its key interest rates stable on Wednesday evening. But new forecasts suggest another Interest rate increase seem possible this year. In addition, the interest rate cuts expected for next year could be weaker than previously thought.
A whole series of central bank meetings are scheduled for Thursday. Among other things, the central banks in Great Britain, Switzerland, Turkey, Sweden and Norway decide on their monetary policy course. In addition, some economic data is expected, albeit mostly from the second series with less market relevance./bgf/mis