Central bank in Russia resists to cut interest rates

Source: Bloomberg
Bank Rossi, the Central bank of Russia, most probably will keep the key interest rates unchanged at 8.25% level in tomorrow's meeting, according economists' consensus. The central bank resists authority pressure to help President's plan to steer an economic growth of all state institutions. Surging inflation, which reached the fastest pace in one and a half year, is the key factor of keeping the rate in such high.
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Thu, 14 Mar 2013 19:48:07 GMT

Wheat sets the longest rally since July

Wheat futures for May settlement increased by 1.9% to 7.2325 per one bushel in morning session on the Chicago Board of Trade on Thursday. Price increases for a sixth day and this is the longest winning streak since July, 2012. Investors trade the commodity so positively, as the government announced a higher overseas demand for supplies from the U.S.

Fri, 15 Mar 2013 08:45:10 GMT

U.S. 10-year notes were little changed at 2.02% on Wednesday

U.S. Treasuries erased losses after an auction of 10-year note yields close to the highest level in an eleven-month period bolstering demand of $21 billion of the securities. The notes recorded a yield of 2.029 % compared to preliminary estimated 2.057%, while the benchmark 10-year notes yield was little changed at 2.02% following an increase to a 2.05% earlier on

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