Treasuries fall before auction of $24 billion

Source: Bloomberg
U.S. Treasuries decreased on Wednesday falling for the second straight day before an auction planning to sell $24 billion of U.S. notes and as the new Federal Reserve Chairwoman Janet Yellen pledges to keep trimming stimulus measures. The benchmark 10-year securities yielded two basis points higher at 2.74% as of 7:16 a.m. New York time.

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Wed, 12 Feb 2014 17:53:55 GMT

Greek 10-year yields at lowest level since 2010

Borrowing costs in Europe declined towards the lowest levels since 2010 after recent data showed an improvement in the region's economy as the euro-area confidence increased and manufacturing accelerated in January. The German 10-year yields were last seen at 1.69%, while the Greek 10-year notes yielded at the weakest level in 4 years at 7.41%.

Wed, 12 Feb 2014 17:53:26 GMT

Bank of England keeps rates low until 2015

The Britain's central bank signaled that its benchmark interest rates are likely to stay unchanged this year as the country's jobless rate declined at a faster rate than originally expected, the Monetary Policy Committee showed in the Inflation Report on Wednesday. The Bank of England may raise its refinancing rates in the Q2 of 2015 matching economists' projections.

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