US Treasuries climb to 2-week high on Fed stimulus

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Source: Bloomberg
© Scanpix/Reuters
The US government 10-year yield dropped one basis point to 2.51% as of 6:01 am in New York amid optimism Fed will postpone monetary stimulus tapering until March 2014, as US economy strengthens at slower pace. The price for 2.5% security note maturing in August 2023 added 63 cents per $1,000 nominal value, to 99,875.
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Fri, 25 Oct 2013 12:38:03 GMT

WTI crude fluctuates amid supply concerns

West Texas Intermediate crude oil for December delivery added 37 U.S. cents to $97.48 per barrel at 11:33 am London time, on New York Mercantile Exchange, as, according to government data, U.S. crude output rose at the fastest pace since 1989, reducing demand for Saudi Arabian crude. Production of the crude oil in the U.S. jumped to 7.9 million barrels

Fri, 25 Oct 2013 12:05:03 GMT

Bank of America plans to cut 3,000 jobs

Bank of America Corp. announced its plan to eliminate as much as 3,000 jobs across the U.S., while the majority of all cuts will be in the mortgage department. Bank's officials say that the number of accepted applications for mortgage shrank 60% from June to September. Bank of America Corp. stocks lost 0.28% to $14.17 per share during the yesterday's

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