NEW YORK (dpa-AFX) – The prices of US government bonds mostly fell on Monday. Market observers spoke of a generally cloudy mood on the markets for fixed-income papers. Previously, there had even been a sharp drop in prices for European government bonds.
However, there was no clear reason for the minus. Market observers spoke of position adjustments by large institutional investors shortly before the end of the year. Only a few economic data have been published that investors can use as a guide.
Shortly before the end of the year, the trading volume on the government bond market is comparatively low. This can lead to unusually strong price movements.
Two-year bonds rose by 1/32 points to 100 3/32 points. They paid 1.567 percent. Five-year bonds remained at 100 11/32 points. They paid 1.678 percent. Trend-setting ten-year bonds fell 5/32 points to 98 23/32 points. They paid 1.893 percent. Long bonds with a term of thirty years lost 19/32 points to 100 21/32 points. They paid 2.344 percent./la/he