Bonds in US and Europe go up: market news

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Bonds in US and Europe go up: market news

May 29, 2018 - 12:10
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According to Bloomberg, US Treasuries rose today together with major European bonds as political crisis in Italy develops further. Euro declines together with European stocks. US futures went down by 1%. US dollar strengthened. Strengthening Japanese yen put pressure on Topix index. Turkish lira declined.

Photo © Gerd Altman, CC0 1.0

According to Bloomberg, US Treasuries rose today together with major European bonds as political crisis in Italy develops further. US 10-year bonds yield went down to 2,81%. Yield for 10-year German bonds is the lowest in 13 months at 0,20%. Britain bonds yield decreased by 21 basis points to 1,3215% showing the biggest slump in 23 months. Yields of Italian 10-year bonds jumped by 50 basis points to 3,184%.

Euro declines together with European stocks. Stoxx Europe 600 Index lost 1,8%. This is the biggest slump in a year. Index DAX in Germany lost 2%, index FTSE in UK declined by 1,4%.

US futures went down by 1%. US dollar strengthened.

MSCI Index for Asia-Pacific region lost 0,4% today as iPhone screen makers slumped after Apple Inc. announced transfer to next generation technologies.

Strengthening Japanese yen put pressure on Topix index that slumped eight trading sessions in a row.

Turkish lira declined to 4,5983 per dollar after central bank took steps to simplify monetary policy.

Gold costs today $1305,14 per ounce. WTI oil slumped by 2% to $66,54 per barrel. Price of Brent is $75,32.