Here's a little gold puzzle for you to ponder as you're getting ready for the weekend. See if you can figure it out.
The bond market didn’t take the positive jobs and housing numbers well, as the MAR14 U.S. 30-year bonds are down 27 ticks to 129’11. If this is any precursor to Friday’s jobs report, we could see another bond market sell-off in two days.
Societe Generale SA, France’s second-biggest bank, placed sole blame on an ex-trader it didn’t identify for interest-rate rigging that cost it 446 million euros ($607 million) in European antitrust fines.
Deutsche Bank AG and Royal Bank of Scotland Group Plc are among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union for rigging interest rates linked to Libor.