NEW YORK (dpa-AFX) – US government bond prices rose moderately on Tuesday. The futures contract for ten-year bonds (T-Note Future) rose by 0.14 percent to 111.30 points. The yield on 10-year Treasuries was 3.99 percent. At the beginning of the week, it was still above the 4.00 percent mark.
Investors are already focusing on new data on price developments in the USA, which are scheduled for Wednesday. The market expects the US inflation rate to fall in June. Analysts are also anticipating a fall in core inflation, which excludes energy and food prices that are susceptible to fluctuations. This should take some of the pressure off the US Federal Reserve to continue raising interest rates to fight inflation in the coming months.
Until recently, however, American central bankers had repeatedly made it clear that the fight against high inflation was not over and that further interest rate hikes would have to take place./la/he