Yield on the US 10-year treasuries broke above 3.2%, a 7-year high. Yields and treasury prices move in opposite directions so a fall in prices raises yields higher. The major equity market indices in the US were hit negatively as Read More →

The euro bounced back from a six-week low on Wednesday following reports that Italy plans to reduce its budget deficit in the coming years gave some respite to the battered currency.

EURUSD climbed 0.35 percent to 1.1585 following its Read More →