NEW YORK (dpa-AFX) – US government bonds extended their price gains from early trading on Tuesday. After the holiday the day before, the futures contract for ten-year bonds (T-Note Future) rose by 0.71 percent to 113.20 points. In return, the return fell to 3.698 percent.
The US debt dispute is still in focus on the financial markets. A compromise was reached over the weekend, but Congressional approval this Wednesday is still uncertain. The economic data turned out better than expected. House prices rose surprisingly sharply in March, and consumer sentiment determined by the Conference Board did not deteriorate as much as feared in May./ck/stw