Treasuries fall on tepid sale GOVERNMENT BONDS LONDON 2ND EDITION

The rise in prices sent the two-year German Schatz yield down 3.8 basis points to 2.600 per cent while the benchmark 10-year Bund yield was 2.6bp lower at 4.232 per cent. Prices rose, sending the yield on the 2-year gilt down 1.3bp to 4.931 per cent and the yield on the 10-year down 2.2bp to 5.031 p...

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Bibliographic Details
Published inThe Financial times (London ed.)
Main Author MARIKO SANCHANTA, ALEX SKORECKI and JENNY WIGGINS
Format Newspaper Article
LanguageEnglish
Published London (UK) The Financial Times Limited 08.07.2004
Subjects
Central banks
Eurozone
Interest rates
Treasuries
LONDON, NEW YORK and TOKYO
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Summary:The rise in prices sent the two-year German Schatz yield down 3.8 basis points to 2.600 per cent while the benchmark 10-year Bund yield was 2.6bp lower at 4.232 per cent. Prices rose, sending the yield on the 2-year gilt down 1.3bp to 4.931 per cent and the yield on the 10-year down 2.2bp to 5.031 per cent. John Richards, analyst at Barclay's Capital in Tokyo, expects the JGB market to continue to trade in a narrow range in the near future, with the yield on the 10-year note moving between 1.77 and 1.85 per cent.
ISSN:0307-1766