Treasuries declined for a second day as a report showed U.S. services industries expanded at the fastest pace in a year, damping demand for the safety of U.S. government securities.
Wholesale costs in the U.S. rose more than forecast in February, led by food prices at a more than three-decade high and a surge in energy.
Prices of goods imported into the U.S. rose more than forecast in February, led by gains in crude oil and food.
The cost of goods imported into the U.S. rose more than forecast in February, led by further gains in commodities that companies are struggling to pass along to their customers.
More Americans signed contracts in March to buy previously owned homes before the expiration of a tax credit that has helped support the housing market.
U.S. industrial production probably rose in February for a third month in the last four, reinforcing manufacturing’s role as a pillar of the expansion, economists said before a report today.
Societe Generale SA, France’s second-largest bank by market value, hired Fidelio Tata to head U.S. interest rates strategy in New York.
The European Central Bank bought Italian and Spanish government bonds amid concern their rising bond yields may force the two countries to seek bailouts, according to six people with knowledge of the transactions.
"Financial markets are already fragile on weak and vulnerable growth prospects, particularly in the advanced economy."
- Stephen Gallagher on Aug 08, 2011