New Developments Abroad: Festering U.S. Credit Loss Concerns
July 11, 2008
The dollar fell 0.2% against the euro, Swissy and Australian dollar but is unchanged against the yen, sterling, and Canadian dollar. The 10-year JGB yield ranged widely between 1.555% and 1.625% and is 2 bps higher net at 1.595%. Other sovereign bond yields are up mostly. The Nikkei closed off 0.2%. China’s CSI 300 lost 0.7%, but [...]
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