Australian bonds climb on concerns over eurozone

Note: This section contains information in English only.
Source: Bloomberg

Australian sovereign bills appreciated on Monday, driving the borrowing costs for 10-year notes and reaching record low on increasing concern, Europe will face many difficulties to overcome debt crisis. Yields for 10-year bonds lost 7 b.p., or 0.07 p.p. reaching 3.718% in Sydney morning trade. 

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Mon, 19 Dec 2011 08:44:45 GMT

Draghi keeps reminding ECB will not purchase bonds

Mario Draghi, ECB president curbed expectations that common central bank will intensify bond purchases to resolve debt turmoil. Mario Draghi continues to repeat that ECB must operate within its legal foundations and ECB's mandate does not accept proposed type of intervention. However, ECB will work on behalf of EFSF, which has been authorized to interfere in debt markets. 

Mon, 19 Dec 2011 08:42:34 GMT

Aussie and Kiwi depreciate amid Kim's death and forthcoming RBA meeting

The Australian national currency dropped against 15 out of its 16 main peers ahead of Reserve Bank's meeting minutes. Both Aussie and Kiwi also experienced downward pressure from concerns over Europe and North Korea's leader Kim Jong-il's death. Australian Dollar lost 0.7%, reaching $0.9911 while its New Zealand's counterpart fell 0.5% to $0.7579. AUD/USD currently is trading at $0.9941 while NZD/USD is trading at $0.7603.

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