Business & Finance
Bonds extend falls after German parliament news
NEW YORK : US Treasuries prices added to losses on Wednesday after news that Germany 's lower house of parliament appro
NEW YORK: US Treasuries prices added to losses on Wednesday after news that Germany's lower house of parliament approved a motion to strengthen the European Financial Stability Facility.
An increase to the 440-billion-euro bailout fund's firepower is seen as critical to help contain Europe's deepening sovereign debt crisis.
Benchmark 10-year Treasury notes last traded down 14/32 in price with a yield of 2.16 percent, up 5 basis points from late on Tuesday.
Copyright Reuters, 2011
Comments
Comments are closed.