The U.S. treasuries slump as market reopens and home prices gain

Source: Bloomberg
© Scanpix/AFP

The U.S. Treasuries dropped on enhancements in the real-estate market and the market reopening after Hurricane Sandy hit the states. The 10-year bond rates gained 0.02 per cent to 1.74 percent, while the price for the 1.625 note maturing in August 2022 tumbled $1.25 per $1000, or 1/8, to 99. According to Bank of America's estimates, ten-year rates will advance to 2.04 per cent by June 30.

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Wed, 31 Oct 2012 09:15:01 GMT

Euro gains against the greenback on Italian debt sale

The euro rebounded from its last week's lows on successful Italian debt sale, resulting in a higher risk appetite and falling borrowing costs, and lower than expected contraction in Spain's economy. The common currency found a good support and was at $1.2963, staying within its range since mid-September between $1.2800 and $1.3200.

Wed, 31 Oct 2012 08:52:03 GMT

Aussie, Kiwi stay higher on building approvals data

The New Zealand and Australian Dollar stayed higher following data that showed better-than-anticipated building approvals for the countries. The Aussie Dollar gained 0.1% to $1.0375 from yesterday and added 0.1% to 82.60 yen. The kiwi bought 82.10 U.S. cents from 82.08, set for a 1.1% drop in October. 

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