US bond interest soars to 16-year highs and pushes European debt

MADRID, 4 Oct. (EUROPA PRESS) -

The yield offered to investors by the ten-year US Treasury bond continues to climb towards the 5% threshold, at its highest level since July 2007, before the outbreak of the great financial crisis, given the prospect that the Federal Reserve will keep interest rates elevated for a longer period given the strength of macroeconomic data.

The interest rate on the ten-year US bond rose to 4.887%, the highest since July 2007, approaching the 5% threshold, which the US Treasury debt has not reached for 16 years. For its part, the yield of the 30-year bond this Wednesday exceeded the 5% barrier for the first time since the end of July 2007.

Investors' fear of a longer period of high interest rates increased this Tuesday, after the number of unfilled jobs in the United States stood at 9.61 million vacancies last August, its first rebound since April, suggesting greater strength in the labor market.

On the other side of the Atlantic, the secondary debt market also reflected greater pressure on sovereign bonds at the opening of the session in the Old Continent.

Thus, the profitability of the 'bund', the German bond with a ten-year maturity and the reference for the rest of European issues, exceeded the 3% threshold this Wednesday for the first time since May 2011.

Likewise, in the case of the ten-year Spanish bond, the yield continued to move upwards, after having surpassed the 4% barrier last week for the first time since the beginning of 2014.