[B]Ikon Forex[/B] – Because FED claimed to further make investment in a longer national debt through the expired agency debt as well as the MSS capital in the forex market, and this measurement pushed the US debt market to surge up in the forex market and it was closed high on Tuesday (August 10), among which the ten-year and the mid-term national debt was the leader in the group of surging trend in the forex market.
The US FED claimed to restart the purchase of the US national debt in the forex market, and made a promise that it would maintain its short-term forex interest rate at quite low level around zero in quite a long time in the forex market. And the plan for the US government in this week was to sell the ten-year and 30-year national debt worth of 74 billion in the forex market.
After the decision of FED was released in the forex market, the performance of the interest rate futures indicated the forex dealers in the forex market predicted FED would not take the appreciation act before the end of the year 2011.
The two-year US national debt was closed 1/32 higher at 100 6/32, and the yield of it was 2.77 percent; the five-year national debt surged up by 12/32 at 101 14/32, and its yield was at 1.45 percent in the forex market.
The ten-year national debt rose by 18/32 at 106 08/32, the yield was at 2.77 percent in the forex market; and the thirty-year national debt surged up by 6/32 at 106 10/32, making a yield at 4.01 percent.
Edited by Laura.