U.S. Treasuries Snap Five-Day Loss as Higher Yields Spur Investor Demand

(Bloomberg) -- U.S. Treasuries snapped a five-day decline on speculation 10-year yields at their highest in a month will lure some investors.

The yield on the benchmark 10-year securities climbed to 4.76 percent yesterday, a level seen only three times in the past three months. Two-year yields rose to 4.78 percent, the highest since February.


Read more at Bloomberg Bonds News

Simmers to spend $43 mln to expand gold operations

(Reuters) - South Africa's Simmer & Jack Mines Ltd have approved plans to spend 300 million rand to expand two gold operations, the company said on Friday.

The firm plans a private placement of shares and the process would be launched next week, it added in a statement.


Read more at Reuters Africa

European Stocks Advance, Led by Cairn Energy, Cadbury; British Air Drops

(Bloomberg) -- European stocks gained for a second day after a rally in oil prices and continued takeover speculation lifted energy companies.

Cairn Energy Plc climbed after Citigroup Inc. advised buying the shares, citing speculation it will be bought. Cadbury Schweppes Plc jumped to a record after the Daily Telegraph said private-equity groups may bid for the company's U.S. drinks unit. British Airways Plc led airlines lower after it reported a loss.


Read more at Bloomberg Stocks News

JGBs slip on BOJ rate view in GDP, Fukui aftermath

(Reuters) - JGBs reversed gains from the last two days, after data on Thursday showing that the economy grew largely as expected solidified the market's view that the BOJ may lift rates to 0.75 percent in July-September.

After keeping the central bank's overnight rate unchanged at 0.5 percent, Fukui told reporters on Thursday that raising rates was a possibility even amid sluggish consumer prices, if strength in the rest of the economy warranted such a move.


Read more at Reuters.com Bonds News

Indian Government Bonds Extend Loss as Inflation Slows Less Than Forecast

(Bloomberg) -- India's 10-year bonds extended losses, sending yields to the highest this week, after a government report showed inflation slowed less than forecast.

The yield on the benchmark 8.07 percent note due January 2017 rose 3 basis points, or 0.03 percentage point, to 8.15 percent as of 12:25 p.m. in Mumbai, according to the central bank's trading system. The price fell 0.22, or 22 paise per 100 rupee face value, to 99.43.


Read more at Bloomberg Bonds News

Korean KEPCO bids $280 mln for Nigeria power stake

(Reuters) - A consortium led by state-run Korea Electric Power Corp. has offered $280 million for a 51 percent stake in Nigeria's 1,320 Megawatts (MW) Egbin power plant, the privatisation agency said on Thursday.

The South Korean-led consortium, which includes Energy Resources Ltd, was the sole bidder at an auction in the capital Abuja for the gas-fired plant located near the commercial city Lagos.


Read more at Reuters Africa

British Airways profit down 13 pct, makes provision

(Reuters) - Operating profit was 602 million pounds in the year to March 31, compared to 694 million a year earlier.

"Policy requires all staff to comply with the law at all times," it said in a statement about anti-competitive activity. "It has become apparent that there have been breaches of this policy in relation to discussions about these surcharges with competitors."


Read more at Reuters.com Market News