Bond News

May 13th 2011

(Yields move inversely to bond price)

US Bonds:

The US Bond prices didn't change much ahead of the sale of 30 year bonds worth $16 billion. There was data from retail sales, producer prices and weekly unemployment benefit claims, which were close to analyst expectation numbers. Very aptly, Rudy Narvas at Societe Generale said that it was a mixed bag of data.
(source: reuters.com).

German Bonds:

The German bonds advanced after a report showed an unexpected fall in European industrial production in March, indicating an attempt by European Central Bank to raise interest rates. Bonds rally when there is bad news and people flock to buy safe haven assets like bonds.
(source: bloomberg.com).

Ten-year german bonds yield fell 2 basis points at 3.11 percent.
(source: bloomberg.com).