Sterling fell versus Euro on speculation advance overdone

Source: Bloomberg
© Scanpix\AP
The Sterling slipped versus the 17-nation currency on speculation a climb that has made the Pound the best-trading major currency in the last three months might be threatened by the next Bank of England Governor Mark Carney. The Sterling plummeted 0.2% to 85.20 versus the Euro and dropped 0.1% to $1.5668.
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Thu, 13 Jun 2013 13:57:06 GMT

U.K. bonds climb second day after World Bank data boosts safety demand

U.K. bonds increased for the second day after shares fell as the World Bank damped its global expansion predictions, boosting demand for safer assets. The 10-year bond yield dropped two basis points to 2.12% and the 1.75% note maturing in September 2022 gained 1.90 Pounds per 1,000-Pound par value to 96.905. 

Thu, 13 Jun 2013 12:35:15 GMT

Treasury 10-year bond sale draws lowest demand in 10 months

The Treasury 10-year securities worth of $21 billion auction drew the weakest demand since August, impended by worries the Federal Reserve will scale back its bond-buying programme. The benchmark 10-year bond yield advanced this week and reached a 14-month high, after investors bets whether the economy is improving enough for Ben Bernanke to start scaling back purchases.

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