Home » Business » Austrian government bonds weaker in late trading | 03.06.20

Austrian government bonds weaker in late trading | 03.06.20

The prices of Austrian government bonds are on
Wednesday in late trade dropped. The return on trend-setting
ten-year Austrian benchmark bond rose by 3
Basis points to -0.06 percent too. The spread to the comparable
German bond was 30 basis points. In comparison: the
Euro Bund Future fell 0.43 percent to 171.12 points.

The focus came on positive trading today
Economic data that made investors more risk-taking. So
Among other things, the extremely bad mood in the
Eurozone economy up slightly stronger in May than expected. How
the market research institute IHS Markit in a second estimate
announced, the purchasing manager index he raised for the
Overall economy by 18.3 points to 31.9 points. Economists had
on average just a confirmation of the initial estimate of 30.5
Points expected.

In addition, US labor market data recently testified to one
slight lightening of mood. Like the labor market service provider
ADP announced, a total of around 2.8 million fell in May
Jobs gone. Analysts had one because of the corona crisis
significantly higher cut of an average of nine million jobs
expected. Returns on selected Austrian benchmark bonds:

Term Current Previous Day Change Spread (in basis points)
2 years -0.54 -0.55 +0.01 10
5 years -0.37 -0.39 +0.02 21
10 years -0.06 -0.09 +0.03 30
30 years 0.39 0.35 +0.04 28

(Final) sto / dkm

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