– News: Vienna Stock Exchange

September 15, 2023 at 4:37 pm

US data is mixed

Austrian federal bond prices fell in late trading on Friday. In return, returns rose. Austria’s benchmark 10-year bond, which set the trend, rose 7 basis points to 3.26 percent. The yield spread on comparable German bonds was 59 basis points.

For comparison: Eurobond futures fell by 0.60 percent to 130.31 points.

Data out of the US in the afternoon was mixed. For example, the industrial mood in the US state of New York improved significantly in September. The Empire State Index rose from minus 19 points in the previous month to plus 1.9 points in September. Analysts had expected a value of minus 10.

In addition, US industrial activity rose significantly in August thanks to mining and utilities. Total production rose 0.4% compared to the previous month, and economists had expected an increase of only 0.1% on average.

However, US consumer sentiment deteriorated significantly in September. The barometer fell by 1.8 to 67.7 points, and economists had expected a slight decline to 69.1 points. Consumers rated their situation as worse than in the previous month, but were somewhat more optimistic about the coming months. Selected Austrian benchmark bond yields:

Laufzeit Aktuell Vortag Veränderung Spread (in Basispunkten)
2 Jahre  3,43    3,39   +0,04       22                      
5 Jahre  3,11    3,06   +0,05       42                      
10 Jahre 3,26    3,19   +0,07       59                      
30 Jahre 3,39    3,31   +0,08       58                      

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