Bond Yields Rise: US Economic Data Weighs on Government Securities

Amid a wave of robust economic figures from the United States, the prices of US Treasury bonds are weakening. Wednesday's trading session showed that the futures contract for ten-year Treasury Notes had declined by 0.32 percent, settling at 107.73 points. As a result of this movement, the yield on ten-year government bonds climbed to a level of 4.66 percent. The strong economy in the US is making investors more cautious about securities considered safe. A noticeable indicator of this is the increase in orders for durable goods in the last month, which exceeded forecasts. However, Stephen Brown, an economist and North America expert at Capital Economics, notes that this rise is mainly due to fluctuations in the transportation sector. Aside from this, there was only a marginal increase in orders for capital goods excluding aircraft and defense equipment. It should also be taken into account that the positive numbers from the previous month were subject to a subsequent revision and adjusted downwards.