US treasury interest rates drop to the lowest value in June

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Source: Marketwatch
US treasury prices increased on July 2, sending the interest rates lower. Yields of  10-year bonds dropped to 1.58%. Meanwhile interest rates of 30- and 5-year bonds both declined  to 2.69% and  0.67% after the Institute for Supply Management reported that their index fell below 50%. The decrease in the yields influenced the US stocks; Dow Jones Industry Average plunged 0.4%.
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Tue, 03 Jul 2012 10:05:35 GMT

S&P 500 finishes higher despite ISM data

S&P 500 managed to breach morning losses from weaker ISM manufacturing index on Monday and finished 0.25% or 3.35 points higher at 1,365.51 after several takeovers were announced. Micron Technology Inc. gained 3.8% after reporting it will  acquire an Apple Inc. supplier Elpida Memory Inc. Best Buy jumped rallied 5.9%, on news its founder is considering buying the company and

Tue, 03 Jul 2012 09:54:35 GMT

British Pound climbs against Euro as bond plan faces opposition

The Sterling appreciated versus the 17-nation currency on Monday as traders perceived UK national currency as a safe haven asset amid Eurozone inner conflicts regarding ESM bond purchases. The Pound gained 0.5% versus Euro to GBP 0.8023 and slipped 0.2% against the Greenback to USD 1.5682. Currently EUR/GBP is trading at GBP 0.8025.

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