US bonds are gaining ground – investors are shying away from risks again
A candlestick chart comparison (symbol image). pixabay.com
NEW YORK (dpa-AFX) – The prices of US government bonds rose on Thursday. The futures contract for ten-year Treasuries (T-Note-Future) rose by 0.42 percent to 131.70 points. In return, the yield on ten-year government bonds fell to 1.42 percent.
The eagerly awaited decisions by the US Federal Reserve (Fed) from the previous evening were initially largely positively received by the markets. The Fed wants to accelerate its exit from the extremely loose monetary policy and raise interest rates more quickly in the coming year. The background to this is the high inflation, which recently marked a 39-year high. The US Federal Reserve no longer sees inflation as a temporary problem.
On Thursday, however, investors were again risk averse. US bonds, which are considered safe, benefited from this. The fact that the British central bank is unexpectedly resisting high inflation and surprisingly raised its key rate for the first time in the corona pandemic caused irritation. In the euro area, however, there is no end in sight to the low interest rates. For the stock market, this patchwork of monetary policy is unsettling and therefore “not exactly building confidence,” wrote market analyst Jochen Stanzl from CMC Markets./la/men
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