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Finance & Markets

Bond Market Ignored in Spending Plans: Erik Wasson

Bloomberg's Erik Wasson joins Michael McKee on "Bloomberg Real Yield." US bond yields are spiking in part because of concerns over the total US public debt blowing past $40 trillion. Not only are congressional lawmakers shrugging that off, some are indicating that more deficit spending is yet to come. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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USD/CHF Price Forecast: 50-day SMA break exposes 0.8040

The USD/CHF tumbles nearly 0.80% on Thursday as the Greenback weakens on rumours of a potential intervention in the FX markets to boost the Japanese Yen. Consequently, the pair fell from around daily highs of 0.8131, extending its losses to the current exchange rate near 0.8065.

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