Treasuries drop as Fed may scale back further

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Source: Bloomberg
U.S. Treasuries declined on Friday trading session with the benchmark 10-year yields rising to the strongest level in over two years amid speculation that the U.S. Federal Reserve may trim its bond-purchasing program more as the economy improves. 10-year bonds yielded two basis points higher at 3.01% as of 7:45 a.m. in New York, the most since July 2011.

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Fri, 27 Dec 2013 15:11:04 GMT

Euro advanced to highest since late 2011 against U.S. Dollar

The European currency strengthened on Friday rising towards the highest level since October 2011 versus the U.S. Dollar after Governing Council of the European Central Bank Jens Weidman said that keeping interest rates at record low may slow down political reforms. The Euro climbed 1.1% to $1.3845 as of 7:40 a.m. New York time following a gain to $1.3893, the

Fri, 27 Dec 2013 13:31:03 GMT

U.K. shares rally for sixth straight day

U.K. shares gained for a sixth consecutive day after U.S. unemployment data dropped more than expected and the Standard & Poor's 500 Index reached a record high. The FTSE 100 climbed 0.5% to 6,727.36 as of 9:23 a.m. London time and it has rallied 14% this year. The FTSE All-Share Index rose 0.4%, while Ireland's ISEQ Index added 0.8% today.

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