* Yields fall on Brexit worries
* Strong U.S. retail sales data pare market losses
* German, British, Japanese 10-year yields strike record lows
( Recasts to show yields flat; updates with U.S. afternoon
By Dion Rabouin.
NEW YORK, June 14 U.S. Treasury yields were.
little bit changed on Tuesday, hovering near four-month lows touched.
in early trading as positive economic data on the United States economy.
was offset by growing fears about Britain leaving the European.
Recent surveys have actually revealed a growing bulk of the United.
Kingdom’s residents favor leaving the European Union in a June 23.
referendum. That has actually sparked offering in riskier assets and.
boosted prices for safe-haven federal government bonds, which move in.
the opposite instructions of yields.
German 10-year federal government yields fell below.
absolutely no for the first time, touching an all-time low of -0.03.
British federal government 10-year yields fell to 1.131.
percent and Japanese 10-year yields fell to -0.168.
percent, both record lows.
U.S. Treasury yields fell to their most affordable considering that Feb. 11 in.
early trading, near to their most affordable given that November 2007. However.
they pared those losses after the release of a.
stronger-than-expected U.S. retail sales report that recommended.
economic development was picking up despite the recent slowdown in.
Information on Tuesday also showed the biggest increase in 4.
years in U.S. import rates.
The contrasting signals pushed yields back near their levels.
from late Monday as financiers squared positions ahead of the.
Federal Reserve’s upcoming policy conference on Wednesday and the.
so-called Brexit vote next Thursday.
” We had a little bit better information, however the problem is that I.
just don’t believe there is a lot being dedicated today either.
method,” stated John Briggs, head of strategy for the Americas at RBS.
Securities in Stamford, Connecticut.
” I don’t want to check out too much into a couple basis points.
here or there when you have the news next week that could move.
the markets far more greatly.”.
Briggs stated investors have eliminated a Federal Reserve rate.
increase and are not likely to trade heavily based upon the Fed’s.
choice or the tone of its statement because of the capacity.
effect of the U.K. choice next week.
Fed funds futures revealed financiers see simply a 2 percent.
opportunity the Fed raises rates next month, according to CME.
Standard 10-year U.S. Treasury notes rose 1/32.
in rate to yield 1.613 percent. Yields had previously been up to.
The yield curve flattened, with the spread between two- and.
10-year Treasury yields contracting to its narrowest considering that.
( Reporting by Dion Rabouin; Modifying by Meredith Mazzilli and.