Treasuries little changed before Fed's meeting

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Source: Bloomberg
© Scanpix/FP
U.S. Treasuries were little changed on Tuesday pushing the benchmark 10-year yields towards the highest level in two months as Chairman of the Federal Reserve Ben Bernanke discussed outlook of the economy and possible tapping of monetary stimulus. U.S. 10-year bonds yielded at 1.965% at 6:42 a.m. London time after they rose to 1.98% on May 15.

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Tue, 21 May 2013 08:11:49 GMT

Asia's stocks fluctuates on Tuesday

Asian shares swung between gains and drops on Tuesday as Australian banks declined after Goldman Sachs Group Inc. sold a stake in Industrial & Commercial Bank of China Ltd. and as Tokyo Electric Power Co. rose. The MSCI Asia Pacific Index slipped by 0.1% to 144.27 at 2:19 p.m. Hong Kong time following an increase of 0.1% recorded earlier on

Tue, 21 May 2013 10:14:04 GMT

Aussie is traded higher against Dollar ahead of Bernanke speach

The Australian Dollar was traded higher by 0.1% to 98.18 per U.S. cents in the of Sydney trading session on Tuesday. The pair holds the biggest increase in two months versus the greenback ahead Federal Reserve Chairman Ben Bernanke testimony in Congress tomorrow. Investors speculate that U.S. policy makers might reduce bond purchases.

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