Wednesday, April 2, 2014

Shorter-dated debt fared better after Federal

Shorter-dated debt fared better after Federal Reserve Chair Janet Yellen's comment this week that extraordinary stimulus would be needed for some time to come.
WILL THEY, WON'T THEY?
A Reuters poll of 22 euro money-market traders found 18 expected no change in the ECB's 0.25 percent refinancing rate this week.
The single currency rose to $1.3810 for its fourth straight session of gains. It also gained as the yen softened, reaching 143.30. The dollar reached a 10-week top at 103.86 yen.
Among commodities, Brent crude was flat at $105.54 a barrel. It had shed over 2 percent overnight after Libyan rebels blocking oil ports hinted at a deal with Tripoli, which could increase supply.
U.S. crude eased 6 cents to $99.68 a barrel. It also lost around 2 percent on Tuesday, amid expectations domestic inventories would grow.
Spot gold was sulking at $1,283.10 an ounce. It touched a seven-week low of $1,277.29 on Tuesday.

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