Treasuries rise for the first time in 3 days

Source: Bloomberg
© Scanpix/Reuters
The yields on Treasuries decreased after 3 days of surging as some investors claimed that they offered higher value after reaching highest point in almost 2 years. The yield on 10-year U.S. government securities dropped 4 basis points to 2.71%. The relative strength index of 10-year yields stood at 73, which is considered to be an indication that a reversal is inevitable.
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Mon, 08 Jul 2013 10:21:09 GMT

Turkish Lira appreciates due to central bank's intervention

The Turkish Lira rebounded after the central bank engaged in a monetary tightening, where it sold $500 million in an auction. The currency jumped 0.8% to 1.9527 per U.S. Dollar so far today. The central bank already sold $2.9 billion since June 11 in order to curb depreciation, but added that the intervention is temporary. The Lira has lost 8.7%

Mon, 08 Jul 2013 09:59:04 GMT

Gold declines as Dollar jumps on Fed tapering speculation

Gold was flitting between gains and losses as better-than-predicted U.S. employment report pushed the U.S. Dollar to the strongest level since July 2010 and fueled speculation that the U.S. Federal Reserve may taper bond purchases. Gold for immediate settlement remained flat at $1,223.53 per ounce in Singapore following a jump and decrease of 0.6%.

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