Thursday, 31 January 2013
Asian shares pulled back from recent rallies on Thursday but optimism about global growth supported sentiment as the Federal Reserve kept its stimulus policy, while the euro steadied on signs the region was stabilising from the debt crisis.
US stocks edged lower on Wednesday after the Federal Reserve left in place its bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary.
Benchmark 10-year Treasury notes were trading 1/32 lower in price with the yield little changed from late Tuesday at 2.001 percent. Benchmark notes had been trading 8/32 lower in price just prior to the release of the Fed's latest policy statement.
The euro held near a 14-month peak against the dollar and a 2-1/2 year high versus the yen on Thursday, having risen solidly as investors expect central banks in both the United States and Japan to keep an aggressive easing stance.
London copper held near its 2013 peak on Thursday as investors focused on a revival in U.S. consumer spending and a recovery in Europe's banks as evidence of a strengthening global economic recovery.
Gold was little changed on Thursday, hovering below a one-week top hit in the previous session when data showing a surprise contraction in the U.S. economy and the Federal Reserve's decision to continue its bond-buying plan supported bullion.
Wednesday, 30 January 2013
Benchmark 10-year Treasury notes were trading 7/32 lower in price to yield 1.99 percent, up from 1.96 percent late Monday. The notes had been trading 5/32 lower in price directly ahead of the auction.