Treasuries slide as China's manufacturing contracts in May

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Source: Bloomberg
U.S. Treasuries increased on Thursday as Chinese shares plunged after a report showed that manufacturing sector in China surprisingly declined in the month of May spurring demand for safer assets. The benchmark 10-year yields slipped one basis point to 2.03% by 2:04 p.m. Tokyo time following an earlier increase to 2.07%, the highest since March 14.

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Thu, 23 May 2013 07:51:04 GMT

Indian Rupee declines to 6-month low

India's currency slid to the lowest level in a six-month period on Thursday as the country's bonds declined after the Federal Reserve Chairman Ben Bernanke said the central bank may scale back its stimulus program. The Indian Rupee depreciated 0.6% to 55.8100 per U.S. Dollar by 10:11 a.m. Mumbai time following a fall to 55.8787, the least since November 26.

Thu, 23 May 2013 07:22:05 GMT

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West Texas Intermediate oil declined for the third straight day on Thursday extending its losing streak to the longest in three weeks amid higher U.S. gasoline stockpiles and as Chinese manufacturing dropped in May. WTI for July settlement slipped 76 cents to $93.52 a barrel on the NYMEX and was traded at $93.60 as of 1:36 p.m. in Singapore.

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