USD, Treasury yields remain up after ISM

Source: Marketwatch
After the news on PMI services index modest increase to 53.7 in May, Treasury prices stayed down resulting in 10-year note yields of 1.57%. The euro lost 0.41% against the dollar falling to USD 1.2449. The dollar index gained 0.27% versus a basket of 6 major currencies to 82.78.

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Tue, 05 Jun 2012 19:33:21 GMT

U.S. debt to exceed 70% of GDP this year

Congressional Budget Office reported in a new budget outlook that U.S. federal budget will top 70% of country's GDP already by the end of this year. This will be the highest ratio since shortly after WWII. According to CBO, if laws will stay unchanged, in 2037 federal health-care would cost close to 10% of GDP, up from 5% now. The debt is then expected

Tue, 05 Jun 2012 19:11:21 GMT

Bank of Canada left interest rate at 1.00%

June is the 14th month in a row for benchmark interest rate to remain unchanged. The central bank, in its statement, said that it was leaving the overnight cash rate at 1.00%, which absolutely corresponded with expectations. The central bank also added that as the situation becomes better, some monetary policy stimulus could be withdrawn, but these decisions will be weighed thoroughly.

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