Yields on Treasuries are 0.25% higher than a record low

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Source: Bloomberg

On Tuesday, 10-year Treasuries were higher for the third consecutive day, amid speculation that reports will show that the U.S. unemployment is not decreasing, which may possibly lead to an increase of bond purchases by the Federal Reserve. Yields on benchmark 10-year notes declined 1 basis point and reached 1.62% by 8:28 a.m. in London.

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Tue, 02 Oct 2012 09:45:27 GMT

Construction PMI in the U.K. improves to 49.5

Markit, a market research group, reported on Tuesday that activity in the British construction sector improved slightly in the past month, but still remained lower than 50, showing the industry contraction for the second month in a row. The industry managers survey showed that the Markit/CIPS construction PMI increased to 49.5 from a previous month reading of 49.0. Analysts, however, expected a stronger improvement in the sector,

Tue, 02 Oct 2012 09:55:43 GMT

Gold futures little changed on Spanish bailout development

On Tuesday, gold futures were slightly fluctuating, trading near an 11-month high, as investors eyed the development of Spanish bailout. On the NYMEX, December delivery futures were traded at $1,780.25 per troy once, which was a 0.15% fall for the European morning trading session. Earlier, prices hit a session high of $1,782.85 and a session low of $1,777.55.

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