Bonds round-up: Inflation fears hit US treasuries
Inflation fears knocked US treasury prices ahead of the release tomorrow of US consumer prices data for January. The yield on the benchmark 10-year treasury note rose 6 basis points to 3.83%, its highest level in a month.
A rise in inflation would limited the Federal Reserve's scope for more interest rate cuts.
In contrast, European government bonds were wanted in the wake of another shock to the banking system from Credit Suisse, which has suspended a "small number" of traders for pricing errors that have contributed to a write-down of $2.85bn, or £1.45bn.
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The yield on the benchmark 10-year bund eased 2 basis points to 4%.
In the UK, attention was very much on equities, which had another good day. The yield on the benchmark 10-year gilt was virtually unchanged at 4.65%.
