Treasury bond yields shot higher after remarks by Ben Bernanke, chairman of the Federal Reserve, sparked concerns that US interest rates might be raised earlier than had previously been expected.
The yield on the 10-year US government bond was up 14 basis points at 3.39 per cent, against 3.23 per cent at the start of the week. UK 10-year Gilts were unchanged on the week at 3.44 per cent, while German bunds were 10bp higher at 3.2 per cent.
