February 8, 2012 7:07 PM GMT
The world's leading economy sees so far its treasury prices remain marginally lower throughout the present volatile trading after an average $24 billion sale of new 10-year government debt selling 10-year supply at a high of 2.02 percent although the bid-to-cover ratio or in other words an indicator of demand was 3.05 from a recent average of 3.11, having in mind that traders projected the new 10-year issue to sell at 2.021 percent.
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.
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