Treasuries gain as Treasury Secretary asks for higher debt ceiling

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Source: Bloomberg
© Scanpix/FP
U.S. Treasuries increased on Monday reducing the last week's drop after Jacob J. Lewis, the Treasury Secretary, said that the U.S. Congress may need to raise the debt ceiling by October 17 or the country risks failing on its payments. The benchmark 10-year government securities declined 3 basis points to 2.62% as of 9:46 a.m. in London.

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Mon, 07 Oct 2013 10:44:05 GMT

WTI falls amid weaker production after storm Karen

West Texas Intermediate crude slipped on Monday as U.S. policymakers failed to agree on the new debt ceiling and as oil production remained weakened after the Tropical Storm Karen in the Gulf of Mexico. November WTI futures declined by $1.34 and were traded at $102.50 a barrel on the NYMEX and they were at $102.51 by 9:48 a.m. in London.

Mon, 07 Oct 2013 09:35:09 GMT

Sterling advances against greenback

The British currency strengthened versus the greenback ahead of nation's central bank latest policy decisions release on Thursday. The Sterling added 0.2% to $1.6036 as of 7:42 p.m. in London after climbing to $1.6260 on October 1, the strongest since January 2. The Pound traded at 85.62 pence per Euro after dropping 1.1% previous week.

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