NEW YORK (dpa-AFX) – The worsening economic downturn in the United States supported the prices of longer US government bonds on Thursday. Once again, the papers that are considered safe benefited from weak economic data from the USA.
Because of the worsening of the corona pandemic, millions of people in the United States made an initial application for unemployment benefits for the fourth week in a row. In the week ending April 11, 5.2 million new applications were registered. As a result, around 22 million people lost their jobs within a month. In addition, the regional early indicator for the Philadelphia region fell to its lowest level since 1980 and the situation in the construction industry had deteriorated significantly in March.
Two-year bonds remained at 100 11/32 points. They returned 0.197 percent. Five-year papers stagnated at 100 26/32 points. They returned 0.336 percent. Trend-setting ten-year bonds climbed 8/32 points to 108 17/32 points. They paid 0.605 percent. Long bonds with a term of thirty years expanded their early gains and rose by 1 19/32 points to 119 25/32 points. They paid 1.207 percent ./jsl/jkr/he/ajx