Canadian government bond yields slid to record lows as global stocks tumbled amid speculation Greece might default, deepening Europe’s debt crisis. German two-year yields declined to a record as investors sought a haven and Greek two-year note yields added as much as 86 basis points to 5 91 percent, a euro-era record. The emergency plan involves measures to help banks and insurers that face a possible 50 percent loss on their Greek bonds if the next tranche of Greece’s bailout is withheld, said the people, who spoke on condition of anonymity because the deliberations are being held in private.
The dollar rose versus all 16 of its major peers, including Canada’s dollar, as investors sought refuge. The successor to the German government’s bank-rescue fund introduced in 2008 might be enrolled to help recapitalize the banks, one of the people said. Rupees and dollars pakistani rupee exchange rate us dollar exchange rate rupee to us dollar.
Canada’s unemployment rate rose, bolstering bets the central bank may be slow to raise interest rates. Current exchange rate for us dollar, pound pakistani rupees and exchange rate currency. European bank credit risk surged to an all-time high today and stocks fell worldwide on concern that the debt crisis is escalating.
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