US bond prices fell on Friday. As a burden, stockbrokers referred to better than expected data from the US labor market.
In July, 1.763 million new jobs were created outside of agriculture. Analysts had only expected an increase of 1.480 million. In addition, the unemployment rate fell further to 10.2 percent. “After the massive slump in the wake of the corona lockdown, the labor market continues to improve in July,” commented Uwe Burkert, chief economist at Landesbank LBBW.
Two-year bonds fell 1/32 of a point to 100 points. They yielded 0.125 percent. Five-year bonds fell 2/32 points to 100 3/32 points. Your return was 0.228 percent.
Trend-setting ten-year papers lost 7/32 points to 100 20/32 points. They yielded 0.559 percent. Long bonds with a term of thirty years fell by 22/32 points to 100 19/32 points. Your return was 1.226 percent.
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