FRANKFURT (dpa-AFX) – The prices of US government bonds hardly changed on Friday in early trading. The publication of the US labor market data could only move relatively little at the start of the trade.
In December, the US unemployment rate remained at 3.5 percent. The quota was even lower 50 years ago. The increase in employment has been somewhat weaker than expected. Expert Ulrich Wortberg of the Landesbank Hessen-Thüringen (Helaba) pointed to a surprisingly weak increase in hourly wages, which had only increased slightly by 0.1 percent in a month-on-month comparison.
“The rise in hourly wages continues, albeit weaker than expected,” said Wortberg. As a result, the US Federal Reserve should not feel pressured to move away from its wait-and-see stance.
Two-year bonds remained at 100 2/32 points. They paid 1.59 percent. Five-year bonds fell 1/32 points to 100 13/32 points. They paid 1.66 percent. Trend-setting ten-year bonds lost 1/32 points to 99 points. They paid 1.86 percent. Long bonds with a term of thirty years also fell by 1/32 points to 100 28/32 points. They paid a return of 2.33 percent.
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