Archive for September 2011
To temporarily replace the use by pension plans of the 30-year treasury bond rate with a composite corporate rate, and to establish a commission on defined benefit plans.
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Forex News Recap (11/10): Sovereign Debt Fears, BOE Inflation Report, US Yields and QE
Find more News at www.fxtimes.com. Today’s session had several themes converging and diverging. First, the EUR hit a 1-month low on concerns over Ireland and the possibility that it could default on its debt obligations. But, concerns about a weak 30-year US Treasury auction and details about QE2 pressured the USD, allowing the Euro to pare its losses. The Pound was stronger on a hawkish BOE Inflation Report, while the Yen slid across the board – caught up in US Treasury yields rising and good US fundamental data. News Provided by FXTimes.com www.fxtimes.com Chief Market Analyst Nick Nasad