Wednesday FX Interest Rate Monitor

Not enough buyers turned up to a German bond auction today as investors feared an impending capital loss after the recent slump in yields drove borrowing costs to an all-time low. But global fixed income markets continue to push yields down during this summer lull, ever hopeful that Chairman of the Board Ben Bernanke might tip his hat in Washington to evidence lurking somewhere beneath an unturned rock indicative of an end to the current slowdown.

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