U.S. treasuries hold top-performing position

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Source: Bloomberg
U.S. treasuries continued to top-perform among  world's bonds over three straight month before U.S. jobs data, which is expected to show an unemployment rate stagnation at 8.2%. 10-year and longer government securities regained 9.8% in the period, the rise was the biggest among 144 bond indexes. Average 10-year yields were 1.47%, after a record low of 1.38% on July 25.
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Fri, 03 Aug 2012 08:37:59 GMT

U.K. may miss budget-deficit target

On Friday, National Institute of Economic and Social Research reported that the British economy will tumble 0.5% this year, resulting in miss of George Osborne's budget-deficit target. Osborne will acquire 12.5 billion Pound ($19.5 billion) loan, which is more than projected in the year till March 2013, Niesr announced.

Fri, 03 Aug 2012 15:55:10 GMT

Wall Street slumped on Draghi's comments

Wall Street fell on Thursday as the ECB announced no plan of action to address Eurozone's debt crisis. The Dow Jones Industrial Index dropped 0.7 per cent, to 12,886.52; the S&P 500 Index tumbled 0.7%, to 1,366.50, and the Nasdaq Composite declined by 0.1 per cent, to 2,917.17. Meanwhile, the ECB is planning to cooperate with governments in bond-purchasing program in order to stimulate Eurozone's economy,

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