Germany's bond yields climbed after auction gained less bids than planned

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Source: Forexfactory
Germany's bond yield advanced after the country did not manage to meet maximum sales target. The average yield on the new benchmark 10-year bunds rose by six basis points, advancing to 1.71%. At the same time yields on two-year notes added four basis points approaching 0.13%.
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Thu, 12 Apr 2012 12:50:50 GMT

EIA: Iranian oil output to tumble by 500,000 barrels per day this year

Iranian oil output is likely to decline by 500,000 barrels per day by the end of this year and by 200,000 next year, reported the EIA. The lack of proper investment in the sector as well as sanctions imposed by the EU and US both are expected to accelerate the fall in the Iranian oil production. JP Morgan projects the

Thu, 12 Apr 2012 12:04:46 GMT

Loonie approaches 10-week record low

The Canadian Dollar hit the lowest figure since January ahead of Bank of Canada monetary policy report. Despite stability in stock and commodity markets the Loonie traded at CAD 1.0038 after strengthening to CAD 1.0009, the lowest since January 31. Currently USD/CAD is trading at CAD 1.0011. 

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