Pound with biggest quarterly drop in more than 4 years

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Source: Bloomberg
The British Sterling declined against most of its major counterparts on Friday as it recorded the biggest quarterly fall versus the U.S. Dollar since December 2008 amid contraction of the U.K. economy in the Q4 fuelling concerns that the country might go through a triple-dip recession. The Pound dropped 6.7% in the Q1 to $1.5172 yesterday after sliding to $1.4832 on March 12.

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Fri, 29 Mar 2013 15:28:06 GMT

U.S. 10-year yields rise for second straight quarter

U.S. Treasuries declined for the second successive quarter recording its first back-to-back fall since 2011 as yields increased amid improvement of economic data, when the U.S. unemployment rate dropped more than forecast and as the Fed will continue with stimulus. The benchmark 10-year yield rose by nine basis points to 1.85% in the Q1 and it touched 2.08% on March

Fri, 29 Mar 2013 12:41:10 GMT

Copper falls for second successive quarter

Copper traded in Shanghai decreased on Friday completing its second quarterly fall in a row after a report showed that U.S. initial unemployment claims rose and as inventories of the commodity increased to 569,775 tons. Copper for July delivery on the Shanghai Futures Exchange dropped 1.1% to 54,720 yuan a metric ton and was at 55,250 yuan at 9:45 a.m.

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