FRANKFURT (dpa-AFX) – German government bonds fell on Wednesday, continuing the previous day’s price losses. A generally positive mood on the Frankfurt stock market led to weaker demand for fixed-income securities. The benchmark Euro Bund Future fell by 0.34 percent to 129.85 points in late afternoon trading. In contrast, the yield on ten-year German government bonds rose to 2.64 percent.
During trading, the DAX reached a record high, while investors steered clear of German government bonds. Bond experts at Landesbank Hessen-Thüringen also pointed to recent statements from the US Federal Reserve. In recent days, several US central bankers had made it clear that they were in no hurry to cut interest rates, which generally supports yields on the bond markets.
Yields also rose on British government bonds. Ten-year yields rose by 0.05 percentage points to 4.75 percent. Inflation in the UK rose significantly in April. The…
