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6/14, 12:29 PM (Source: TeleTrader.com)
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Eurozone bonds lower on hawkish bets before ECB

Prices of United States sovereign debt advanced moderately on Thursday, sending yields lower one day after the Federal Reserve lifted rates and added one move to guidance for this year, paired with an improvement in economic outlook. The two-year note yield slipped from yesterday's 2.602%, an almost ten-year record. Investors took euro area government bond yields up as the European Central Bank was preparing to release a monetary policy statement. Its officials have recently suggested they may wrap up bond purchases before year-end.

Last month's unexpected narrowing in retail sales growth in China also affected the market. The two-year US Treasury note yielded 2.5573% at 12:25 pm CET, a drop of 1.02 basis points. The ten-year yield weakened 1.65 basis points to 2.9498%, compared to the decline of 1.91 points to 3.0672% for the 30-year bond. Equivalent British debt yields grew 0.9 points to 0.755% and 0.8 to 1.377% and slipped 0.8 points to 1.803%, respectively.

The German two-year note yielded 11 points higher for the day or a negative 0.576%. The 10-year Bund yield was up 1.7 points at 0.499% and the 30-year gauge was up 0.5 at 1.183%. Italy's measures jumped 10 points to 1.014%, 7.5 to 2.878% and 3.2 basis points to 3.591%, respectively.

Breaking the News / IT