Yields on Spanish bonds surge on prolonging the payback period for Greece

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Source: Bloomberg
© scanpix/reuters

Spanish bonds dropped, triggering an increase in the 10-year yield, as IMF and eurozone finance ministers did not come up with a strategy on how Greece can pay back its debt. The yield advanced 6 basis points, or 0.06 percentage point, to 5.95%. The 5.85% security maturing in January 2022 lost 0.435 per 1,000-euro to 99.265.

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Tue, 13 Nov 2012 20:20:38 GMT

Australian Finance rallies to 6.9% in September

Australia's commercial finance advanced in September according to data released by the Australian Bureau of Statistics. Total commercial finance grew seasonally-adjusted 6.9% to AUD29.6 billion, rebounding from its 4.7% decline in August. The gain signals that the monetary stimulus throughout the year has helped to foster demand for credit. Earlier in November the BOA decided on retaining the cash rate at 3.25%, which was followed by

Tue, 13 Nov 2012 20:09:37 GMT

Soybeans Declined to Lowest in Five Months

Price for soybeans declined to five-month low in Chicago on Tuesday, as the U.S. announced higher estimates for the world shortage of soybeans amid U.S. yields are higher than forecast in October. Ahead of next year's harvest stocks will be 2.5 million metric tons (4.3%) more than economists estimated last month. The contract for January delivery soybeans lost 1.8% and

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