U.S. 10-year bond rates slip toward a 2-month low

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Source: Bloomberg
© Scanpix/Reuters

U.S. 10-year bond yield edged two basis points lower, or 0.02%, to 1.59% during Asia trading hours. Treasuries move towards a two-month low ahead a President Obama meeting with Democratic and Republican leaders in Congress to negotiate how to cope with a soaring U.S. debt and how to avoid the so-called fiscal cliff.
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Tue, 13 Nov 2012 10:17:55 GMT

British inflation accelerated on tuition fees last month

The Office for National Statistics reported on Tuesday that annual inflation in the United Kingdom gained more than expected in October. The British inflation reached a level of 2.7% compared to a reading of 2.2% in the preceding month. Economists, however, expected a 2.4% increases last month. The bureau commented that tuition fees were the most significant contributor to the

Tue, 13 Nov 2012 14:00:39 GMT

Treasuries higher before fiscal cliff talks

On Tuesday, treasuries were traded higher before Barack Obama meets Republican and Democratic leaders for fiscal cliff negotiations later in the week. The yield on benchmark 10-year U.S. government bonds fell by 3 basis point, reaching a level of 1.58% by 8:38 a.m. London time. Earlier, it hit 1.57%, which was the lowest since September 5.

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