Treasuries drop on euro zone's data

Source: Bloomberg
© Scanpix/Reuters
The 10-year Treasuries sank for a second consecutive day after better-than-expected manufacturing and services data was announced in Eurozone, indicating that global economy is recovering and decreasing demand for safer investments. Yield on 10-year government securities rose 4 basis points to 2.54% so far today, while investment-grade corporate securities gained 1.4% this month.
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Wed, 24 Jul 2013 11:48:05 GMT

Gold jumps amid higher demand bets

Gold extended its four-day increase after a decline earlier today, as investors were awaiting increased demand for the gold despite India's inbound shipment restrictions and disappointing Chinese report. The August Gold contract recovered to the $1,340 and spot gold remained steady at $1,338.84 per ounce. 

Wed, 24 Jul 2013 11:25:05 GMT

Gilts drop before manufacturing report

10-year British government bonds fell for a second consecutive day before a report, which is expected to show an improvement in country's manufacturing industry. The gauge is expected to rise from 48.8 to 50.1 in July, while median estimate is a rise to 49.1. Yield on 10-year Gilts rose 6 basis points to 2.36% so far today after reaching 2.37%

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