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Old 08-10-2011, 05:16 PM   #1
Bruce0p9y
 
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Default Wholesale Youth Jerseys Asian bonds

torically subdued.
U.S. Treasuries steadied after sliding the previous day Wholesale Youth Jerseys ,with long-term Treasuries under the most pressure from theworries about a rating downgrade.
Ten-year notes were up 2/32 in price to yield2.997 percent, down a basis point. Thirty-year bonds found their footing and gained 6/32, pulling their yields down abasis point to 4.308 percent.
* Asia stocks edge higher after U.S. pull-back limited
* MSCI Asia-Pacific ex Japan up 0.8 pct Wholesale Youth Jerseys , Nikkei flat
* Dollar hits record low against safe-haven Swiss franc
* Gold steady near record high; Treasuries down
By Eric Burroughs
HONG KONG, July 26 - Asian shares edged higher onTuesday, rebounding from Monday's fall, but the dollar slid to arecord low against the Swiss franc after a speech by U.S.President Barack Obama gave no sign a deadlock in Washingtonover raising the debt limit was easing.
Short-term speculators took aim at the dollar after Obamadelivered a prime-time address to Americans, warning that adefault on U.S. bond obligations would be a "reckless andirresponsible outcome". But he gave no indication a compromisewas imminent.
So far investors have shown few signs of panic even asRepublicans and Democrats have failed to bridge theirdifferences with just a week to go to the Aug. 2 deadline theU.S. Treasury has set for when it may fail to pay out onTreasuries.
The market reaction to a sudden breakdown in talks over theweekend was limited given the threat of a technical default anda potential cut in the United States' top-notch AAA creditrating.
But some market players were taking no chances, shiftingfunds into safe-haven gold and the Swiss franc Wholesale Youth Jerseys , driving both torecord highs in U.S. dollar terms. Gold was steady in earlytrade at $1,614.14 an ounce.
"The unfolding U.S. debt ceiling drama should addto the headwinds for market risk sentiment, with a potentialdowngrade of the world's ultimate risk-free asset - the U.S.Treasuries - fuelling more flight to quality into gold and Swissfranc," said currency analysts at Citigroup in a note toclients.
Portfolio managers and traders have said they believe anagreement will be reached in Washington at the last minute, andthat even a technical default or rating downgrade may only causeshort-term market volatility rather than a full-fledged crisis.
Asian bonds, currencies and even shares have been one of thebeneficiaries from all the debt trouble in Europe and thepolitical gridlock in the United States, with investors viewingthe region's stronger growth and fundamentals as a relativesafe-haven.
The MSCI index of Asia-Pacific shares outside Japan was up 0.8 percent and is up about 1 percent onthe month and year, withstanding the occasional bouts ofvolatility from the U.S. deficit debate and euro zone debtcrisis.
Gains were fairly broadbianca louboutin sale, if on light trade. By sector Wholesale Youth Jerseys ,telecom, energy, financial and resource shares were driving therise.

JAPAN WEATHERS STORM
Japan has also weathered
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