7 May 2015
Bond rout continues...
FXStreet (Mumbai) - The rout in bond markets across the Eurozone and in the US continued on Thursday as benchmark yields hit multimonth highs.
The US Treasuries fell once again, weighed down by the bond market slide that pushed yields to 2015 peaks. The 10-year yield rose to a high of 2.312%, before sliding to 2.2%. Meanwhile, the 30-year yield rose to 3.038%, before falling back to 2.94%.
In Germany, the 10-year Bund yield rose to 0.796%, before erasing part of its gains to trade at 0.635%. The rout witnessed in the bond markets was mainly triggered by German Bunds, which begun their fall after Bond titans called for a short Bund trade a couple of weeks back.
The slide in the treasury prices was somewhat restricted due to a weaker-than-expected ADP employment report released in the previous session. Investors now await the weekly jobless claims in the US, due for release later today.
The US Treasuries fell once again, weighed down by the bond market slide that pushed yields to 2015 peaks. The 10-year yield rose to a high of 2.312%, before sliding to 2.2%. Meanwhile, the 30-year yield rose to 3.038%, before falling back to 2.94%.
In Germany, the 10-year Bund yield rose to 0.796%, before erasing part of its gains to trade at 0.635%. The rout witnessed in the bond markets was mainly triggered by German Bunds, which begun their fall after Bond titans called for a short Bund trade a couple of weeks back.
The slide in the treasury prices was somewhat restricted due to a weaker-than-expected ADP employment report released in the previous session. Investors now await the weekly jobless claims in the US, due for release later today.