NEW YORK (dpa-AFX) – The prices of US government bonds turned into the red on Monday. The futures contract for ten-year bonds (T-Note Future) recently fell by 0.17 percent to 109.69 points. In return, the yield on ten-year government securities rose to 4.28 percent.
The interest rate expectations of the US central bank Federal Reserve are being reduced further. At the beginning of the week, the interest rate cuts expected for this year – derived from futures contracts on the bond market – were significantly less than one percentage point. Not long ago it was almost 1.5 points. The stable domestic economy and the sluggish inflation are causing analysts and investors to increasingly doubt that there will be a rapid and strong turnaround in monetary policy./la/he