NEW YORK (dpa-AFX) – US government bond prices fell on Tuesday. In a nervous environment, which was once again characterized by fluctuating stock markets on the New York stock exchanges, the bonds were unable to make any further gains. The futures contract for ten-year Treasuries (T-Note Future) recently fell by 0.29 percent to 128.14 points. In contrast, the yield on ten-year government bonds rose to 1.78 percent.
In the bond market, the focus is currently on the geopolitical tensions surrounding Ukraine – with the West on one side and Russia on the other. In addition, US monetary policy is increasingly coming into focus. The US Federal Reserve will announce its decisions on Wednesday. It should give the go-ahead for interest rate hikes from March to counter high inflation.
When positive economic data came from the USA in the course of trading, the price of the T-Note future came under pressure. US consumer sentiment deteriorated less in January than had been feared. At the same time, investors in the stock market, which had started very weakly again, became bolder again – and so interest in US bonds, which are more of a refuge in our stock market times, fell./tih/he