Treasuries, gold rally as dollar drops after jobs data: Bloomberg

13.01.2014 11:45
Treasuries, gold rally as dollar drops after jobs data: Bloomberg

YEREVAN, January 13. /ARKA/. Treasuries rallied with gold and the dollar retreated after slower growth in U.S. payrolls last month eased concern stimulus cuts would accelerate. The Standard & Poor’s 500 Index rose to cap a weekly gain.

The 10-year Treasury yield fell 10 basis points to a three-week low of 2.86 percent at 4 p.m. in New York. The S&P 500 rose 0.2 percent, erasing a loss of 0.3 percent. The dollar weakened against all but one of its 16 major counterparts. The MSCI Emerging Markets Index added 0.8 percent. Gold gained the most in a week, copper rallied and oil jumped from an eight-month low after China’s imports grew. Corn rebounded from a 40-month low in Chicago after a government report. –0--


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