Treasuries rise amid U.S. consumer confidence data on Friday

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Source: Bloomberg

U.S. Treasuries increased on Friday pushing benchmark 10-year yields below 2% for the first time in a six-day period after a report showed a surprising decrease in gauge of U.S. consumer confidence suggesting that the strength of economic recovery might be overrated. U.S. benchmark 10-year Treasury yields dropped 0.04 percentage point to 1.99% at 10:38 a.m. in New York.


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Fri, 15 Mar 2013 17:17:29 GMT

Naira erases recent decline on central bank comments

The Nigerian Naira increased by 0.9% to 158.65 per the U.S. Dollar in the second part of Lagos trading session on Friday. The currency erased a five-day decrease, as the central bank said that have to sold the U.S. Dollar directly to the market in order to stabilize it. Authority's auctions, used for the same aim, are unable to satisfy Dollar's demand

Fri, 15 Mar 2013 19:29:07 GMT

U.S. industrial production jumps more than forecast in February

Industrial output in the U.S. improved by more than preliminary estimated in the month of February after manufacturing output bounced back, when it increased by 0.8% in February following a 0.3% fall the month before, the Federal Reserve showed in a report on Friday. The report said industrial production added 0.7% in February compared to a 0.5% gain originally forecast.

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