Treasuries decline ahead of seven-year auction

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Source: Bloomberg
U.S. Treasuries slipped for a second day on Thursday ahead of a $29 billion seven-year auction and a report forecast to reveal increase in durable goods. The 10-year yield rose 2 basis points to 1.81%, while the price of the 1.625% debt maturing in August 2022 dropped 6/32 to 98 10/32. The U.S. sold out $35 billion of two-year notes on Oct. 23 and the same amount of five-year securities yesterday.
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Thu, 25 Oct 2012 07:29:42 GMT

New Zealand holds interest rates at 2.5%

On Thursday, Graeme Wheeler, a new chief of the New Zealand's central bank, announced that the bank would maintain its benchmark interest at a record low of 2.5%, as strong currency hurts the country's exports, which are accounted for about 30% of GDP. The decision was in compliance with economists' expectations.

Thu, 25 Oct 2012 07:40:45 GMT

Yen tumbles amid BOJ stimulus speculation

The Yen slid to a four-month low on Thursday after the Nikkei newspaper said that the Bank of Japan will consider expanding its asset-buying program by $125 billion at its meeting at the end of October. The Yen traded at 80.08 per U.S. Dollar, 0.3% down from the previous session, after touching 80.11, the weakest since June 25. It also

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