Charts on a monitor (icon image). pixabay.com
NEW YORK (dpa-AFX) – US government bonds fell on Friday. The 10-year bond futures contract (T-Note future) extended its early losses somewhat, falling 0.41 percent to 113.08 points. In contrast, the yield on ten-year government bonds rose to 3.75 percent.
Prior to the Christmas weekend, the focus was on a series of economic data. Stock market traders interpreted the figures published before the start of trading on Wall Street as confirmation of the US Federal Reserve’s determination to raise interest rates further. Above all, reference was made to the rise in prices, which, excluding energy and food, had risen somewhat more sharply than expected in November, while consumer spending almost stagnated. However, data later released by the University of Michigan showed that consumers’ near-term inflation expectations had unexpectedly fallen significantly and sentiment had improved amid easing price pressures in December, a market watcher said./ck/he
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