Treasuries erase today's gain before Fed's speech

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Treasuries erased gains as investors speculated that two Fed speakers might provide insights about the central bank's policy stance on monetary stimulus before the labor market data to be announced on July 5, which is expected to show that the U.S. economy added 165,000 jobs. The yield on 10-year Treasuries increased to 2.48% from 2.45% earlier today.
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Tue, 02 Jul 2013 14:59:12 GMT

U.K. manufacturing and mortgage approval data shows recovery

High growth in U.K. manufacturing and better-than-expected mortgage approval data indicated that British economy might be recovering. Factory output gauge advanced to 52.5 in June from 51.5 a month earlier – the highest growth in two years, while experts predicted the index to show 51.4. Mortgage approvals data showed the biggest number of home loans recipients since 2009.

Tue, 02 Jul 2013 14:20:19 GMT

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