NEW YORK (dpa-AFX) – US government bonds followed on from their stabilization from the previous day with price gains on Wednesday. The futures contract for ten-year bonds (T-Note Future) recently rose by 0.68 percent to 115.14 points. In contrast, the yield on ten-year government bonds fell to 3.42 percent.
In the course of trading, prices were supported somewhat by the fact that the Canadian central bank raised its key interest rate again by 0.50 percentage points, which was in line with the majority of analysts’ expectations. Investors saw the news anticipate the US Federal Reserve, which investors expect to tighten at a slower pace in the coming week.
The Bank of Canada also said that an end to interest rate hikes could not be ruled out any time soon. However, the expectation of some experts, who had assumed only 0.25 percentage points, was not fulfilled. Meanwhile, figures on wage developments in the summer quarter were published in the USA on Thursday, which showed that the rise in unit labor costs slowed noticeably in the third quarter.
/you/mis
