Treasury Auctions $28 Billion Worth Of Seven-Year Notes

Finishing off this week’s series of long-term securities auctions, the Treasury Department sold $28 billion worth of seven-year notes on Wednesday, attracting slightly below average demand. The seven-year note auction drew a high yield of 2.056 percent and a bid-to-cover ratio of 2.46. The Treasury also sold $28 billion worth ...

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Gold Hugs $1250 After Mixed Economic News

Gold futures were little changed for a third session Wednesday, as traders weighed U.S. housing data and remarks from central bankers. A report from the National Association of Realtors showed pending home sales in the U.S. unexpectedly decreased for the third consecutive month in May. NAR said its pending home ...

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Dollar Trading Mixed As Central Banks Remain In Focus

The dollar is turning in a mixed performance against its major rivals Wednesday afternoon. The buck is losing ground against the pound after a Bank of England official hinted at stimulus removal. Meanwhile, yesterday’s comments from ECB President Mario Draghi continue to move the Euro. The U.S. trade deficit narrowed ...

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Crude Oil Rises Amid Mixed Inventories Report

Crude oil prices rose Wednesday as government data showed a significant drop in gasoline stockpiles. The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 100,000 barrels last week. Although the rise was unexpected, traders got a hint of what ...

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Treasuries Close Moderately Lower But Off Worst Levels

Treasuries saw moderate weakness during trading on Wednesday, extending the notable downward move seen in the previous session. Bond prices regained some ground after coming under pressure in early trading but remained in the red. As a result, the yield on the benchmark ten-year note, which moves opposite of its ...

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Pound Little Changed After U.K. Nationwide House Price Index

U.K. Nationwide house price data for June was released in the pre-European session on Wednesday at 2.00 am ET. After the data, the pound changed little against its major rivals. As of 2:05 am ET, the pound was trading at 0.8867 against the euro, 1.2296 against the Swiss franc, 1.2813 ...

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Euro Little Changed After German Import Price Index

Destatis published Germany’s import prices for May in the pre-European session on Wednesday at 2.00 am ET. After the data, the euro changed little against its major rivals. As of 2:01 am ET, the euro was trading at 0.8868 against the pound, 1.0903 against the Swiss franc, 1.1361 against the ...

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