NEW YORK (dpa-AFX) – US government bonds fell slightly on Tuesday. The futures contract for ten-year bonds (T-Note Future) lost 0.34 percent to 109.14 points. In return, the yield on ten-year bonds rose to 4.37 percent.
Data from the weak real estate market was inconsistent and provided no impetus to either the bond or New York stock markets. Construction starts fell significantly in August, while building permits rose sharply.
The US Federal Reserve’s interest rate decision is due this Wednesday. No further interest rate hike is expected. Market participants are primarily concentrating on the monetary policy outlook of the monetary authorities. The two most important questions are whether the decision makers have another Interest rate increase by the end of the year and whether or how much easing they plan for 2024./gl/jha/