Australian government plans to increase Reserve Fund to 15%

Note: This section contains information in English only.
Source: RTT News
The Australian government is set to add a one-off A$8.8 billion grant in order to improve the financial position of the country's central bank having its Reserve Fund currently standing at 3.8%, the nation's Treasurer Joe Hockey said on Wednesday. The country's government is planning to inject A$8.8 billion into the Reserve Bank Reserve Fund to increase the level to 15% of the bank's assets at risk.

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Wed, 23 Oct 2013 09:44:05 GMT

German bonds rise before consumer confidence data

German government bunds increased on Wednesday with the 10-year yields reaching the lowest level in two weeks before a report showed that consumer confidence in the 17-nation bloc improved in the month of October. The benchmark 10-year yields traded at 1.79% by 7:16 a.m. in London following a fall to 1.78 earlier on the session, the least since October 9.

Wed, 23 Oct 2013 09:22:04 GMT

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