Intraday Market Thoughts

Archived IMT (2009.05.25)

by Ashraf Laidi
May 25, 2009 11:10

Yen weakens across the board after N. Korea launches nuclear test, threatening to destabilize Japans trading partners. Most Asian indices ended higher, but off their session highs. Thin trading volumes due to UK & US holidays. Markets await the LATEST FLOOD OF US BORROWING to come this week in the form of $100 billion in US Treasuries and to what extent will the auctions be successful. (see related story in our twitter site) With bond yields already on the rise and the dollar at 5-6 month lows, the interest in the auctions will be closely scrutinized. Follow our twitter updates on related topics:


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