News Focus
News Focus
Followers 1118
Posts 122965
Boards Moderated 3
Alias Born 03/27/2007

Re: Gotusucka post# 127705

Tuesday, 08/28/2012 8:52:21 AM

Tuesday, August 28, 2012 8:52:21 AM

Post# of 372436
Treasury prices rose and the euro extended gains against the U.S. dollar on Tuesday, after European Central Bank President Mario Draghi cancelled a plan to speak at the Federal Reserve's Jackson Hole conference this weekend. That put more attention on Fed Chairman Ben Bernanke's anticipated comments on whether the U.S. central bank will buy more bonds to ease financial conditions. Also, the U.S. will sell $35 billion in 2-year notes (2_YEAR) later in the session, an auction that analysts expect to go smoothly. Yields on 10-year notes (10_YEAR) , which move inversely to prices fell 2 basis points to 1.64% -- the seventh day out of the last eight sessions when yields have fallen. The dollar index (DXY) , which measures the U.S. unit against a basket of six major currencies, traded at 81.449, down from 81.696 in North American trade late Monday. The euro (EURUSD) rose to $1.2545 , from $1.2500 on Monday.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today