Bond rates relax after two disappointing U.S. indicators

Yields on the European bond market relaxed slightly Tuesday in a quiet market, affected by technical movements end of the year and by U.S. indicators which underline the fragile U.S. economic recovery.
Around 18:00 pm (1700 GMT), the performance of 10-year German Bund was relaxing at 2.992% against 3.031% as the rate of the French OAT at 3.353% against 3.391% late Monday. The London market was closed Tuesday.
Two indicators published Tuesday and underlining the fragility of economic recovery across the Atlantic have confirmed the upward movement of bond prices to reverse that changes in interest rates.
Falling housing prices continued at an alarming U.S. in October, according to the Case-Shiller index released Tuesday. Over the year, prices are now showing a decline of 0.8%, while analysts had forecast on maintaining gains.
Furthermore, the publication of the index of U.S. consumer confidence from the Conference Board fell to 52.5 in December, while analysts expected an increase.
Long-term rates on government bonds of the peripheral countries were almost stable: the Irish were part of long rates to 9.039% 9.052% cons Monday night. In Spain, rates have also been treading water at 5.465% against 5.462%. In Portugal the rate 10 years were enrolled to 6.59% against 6.67%.
United States, the good performance of the 10-year Treasury rose to 3.407% 3.351% cons Monday night and that's good for 30 years was virtually unchanged at 4.478% against 4.475%. The rates of short maturities went up to 0.19% against 0.13%.
On the interbank market, the three-month Euribor, the main rate in the euro zone was unchanged at 1.014%, while the Libor has not been published because of the close of trading in London.