FRANKFURT (dpa-AFX) – German federal bonds went into trading on Friday with slight price losses. The trend-setting futures contract Euro-Bund-Future fell by 0.09 percent to 130.97 points in the morning. In return, the yield on ten-year federal bonds rose to 2.61 percent.
Federal securities received a boost on Thursday from the prospect of initially stable interest rates. The European Central Bank (ECB) raised key interest rates for the tenth time in a row. At the same time, the monetary authorities raised the possibility that the interest rate peak could have been reached. Many experts now expect interest rates to remain unchanged for a long period of time. The prospect resulted in falling returns on the bond markets.
There are still a few economic figures on the financial markets before the weekend. After mostly solid data from China in the morning, production figures from US industry, among other things, are expected later in the day. The University of Michigan also publishes its consumer barometer, which also includes figures on inflation expectations of US consumers./bgf/jcf/stk