Plummeting Asian stocks increase appetite for bonds

Source: Bloomberg
© Scanpix/Reuters
Bond prices rose in the U.S., Japan and Australia as Asian stocks collapsed, increasing demand for safer assets. The yields rose this month on speculations that the Fed might end its QE, which kept borrowing costs low. 10-year Treasuries yields dropped 2 basis points to 2.21%, while similar maturity Japanese and Australian yields decreased 0.5 and 2 basis points respectively.
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Thu, 13 Jun 2013 08:43:10 GMT

Australian and New Zealand Dollars fall

The Australian and New Zealand currencies fell versus its most-traded peers after market volatility triggered selling. The Aussie depreciated 0.4% to 94.49 U.S. cents at 1:53 p.m. Sydney time after advancing 0.4%. The Australia's Dollar reached 93.26 on June 12, its lowest level in almost three years, while the kiwi dropped 0.9% to 79.15 U.S. cents.

Thu, 13 Jun 2013 08:21:06 GMT

Japanese Yen advances past 95 per Dollar

The Japan's currency rose, the appreciated to strongest level in eight weeks versus U.S. Dollar as the Japanese investors have sold, more overseas stocks and bonds than bought for a fourth week in a row. The Japanese Yen advanced 1.4% to 94.60 per Dollar at 6 a.m. London time after jumping to 94.45, the strongest level in eight weeks. The

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