All
 

 

Just in:  

You are here: Home»Business»Managed Funds»Prices slip in Asian trade after Greek debt deal

us-treasury-noteTOKYO: US Treasuries fell in Asia trading on Tuesday after Greece's international lenders agreed on a package of measures to reduce that country's debt, allowing it to secure funds to stay afloat.

 

Euro zone finance ministers and the International Monetary Fund reached an accord late on Monday to cut Greek debt by 40 billion euros, to bring it to 124 percent of gross domestic product by 2020.

 

Later on Tuesday, the US Treasury Department will offer $35 billion of two-year notes, as part of this week's $99 billion in debt sales.

 

It will be followed by $35 billion of five-year notes on Wednesday and $29 billion of seven-year notes on Thursday.

 

"This week is the last trading week of the month, which should help supply conditions at the sales," said a fixed-income fund manager at a Japanese asset management firm.

 

"Even as risk appetite improves, I don't foresee any major selloff with the US fiscal cliff issue still looming over markets," he added.

 

Republicans in the US Congress remained at an impasse with Democrats on averting the steep tax increases and spending cuts, calling on the administration of President Barack Obama to detail long-term cuts to help solve the country's fiscal crisis.

 

The White House expressed doubts that "balanced" deficit reductions can be achieved merely by limiting tax breaks and cutting spending, as Republicans propose.

 

Yields on 10-year Treasuries rose to 1.674 percent on Tuesday in Asian trade from 1.661 percent in late US trade on Monday.

 

Yields on 30-year Treasuries rose to 2.811 percent from 2.797 percent on Monday.

 

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln