Treasuries fall for the third day

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

On Wednesday, treasuries were declining for the third consecutive day, which was the longest streak of losses since September 6, as Moody's Investors Service had not changed its rating for Spain, thus weakening demand for safer assets. The yield on benchmark 10-year government bonds added 4 basis points, reaching 1.76% by 7:20 a.m. in New York.

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Wed, 17 Oct 2012 14:19:26 GMT

The Euro higher on Moody's rating

On Wednesday, the Euro was traded higher versus the U.S. counterpart, as Spain avoided a downgrade in its credit rating by Moody's.The 17-nation currency edged 0.56% higher versus the greenback, reaching the level of $1.3126. Earlier in the day, the Euro hit a session high of $1.3133 and a session low of $1.3053.

Wed, 17 Oct 2012 13:49:23 GMT

Copper lower on upcoming Chinese GDP data

On Wednesday copper prices were falling during European morning trading session, as investors eyed and upcoming data on Chinese GDP. On the NYMEX, December delivery for copper were traded at $3.692 per pound, which was a 0.2% fall for the session. Earlier in the day, prices grew by 0.7% and reaching $3.726, which was the highest level for the session.

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