Treasury 10-year note yields fell for the sixth week in a row, matching the longest streak since June, as slowing growth and concern Europe’s debt crisis is worsening bolstered the refuge appeal of U.S. government debt.
Yields on the benchmark note dropped to the lowest level in two months as government reports showed the U.S. economy expanded less-than-forecast in the first quarter and weekly jobless claims rose. U.S. payrolls added fewer than 200,000 positions in April for a second straight month, data next week may show, adding to expectations from investors including Bill Gross that the Federal Reserve is far from pulling back on monetary stimulus.
TADAWUL: Insurance, Energy sectors surge over 2%
Saudi Arabia’s benchmark the Tadawul All-Share Index (TASI) closed at 11,112.12 and ended its Sunday’s trading up over seventy points or 0.63 percent. Its year-to-date return exceeded thirty percent.
GFH long-term rating increased
CAPITAL Intelligence (CI), the international credit rating agency, has raised the Gulf Finance House (GFH) long-term rating to ‘BB’ from ‘BB-’ and affirmed the short-term rating at ‘B’. The Outlook f
Masdar Institute, Tadweer sign research deal
Masdar Institute of Science and Technology and Tadweer, the Center of Waste Management – Abu Dhabi, have signed a two-year research agreement focused on improving the process for the production of bi