U.S. 10-year bond prices rallied today on slowing U.S. economic growth and jobless claims at 2-year highs. The assassination of Benizar Bhutto also helped to boost bond prices, as traders bought bonds as a safety from political instability in the Middle East. Bonds typically rise on economic weakness and fall on strength, so today's events in the Middle East and U.S. economic reports clearly came in as a negative for most traders.

The dollar fell against the yen and the euro today, after disappointing growth numbers were released in the U.S. today. The assassination of Pakistani opposition leader Benazir Bhutto also helped to dampen any positive U.S. sentiments. Bhutto was killed in a suicide bombing following her first political rally in the country since returning in October. Most of the action today concerned dollar weakness. The euro was up moderately versus the yen.

Crude oil rallied to 1-month highs above $97 a barrel today, after the U.S Energy Department recorded its lowest stockpiles in over 2 years. Crude fell off recent all-time record highs just under $100 on U.S. economic demand worries. However, crude has bounced back and is now trading just off those highs. Natural gas futures rallied fractionally.

Gold futures rallied about 0.2%, in line with dollar weakness and rising energy prices. Gold normally trades inversely to the dollar and with crude oil, which is exactly what happened today. Bhutto's assassination also helped to drive gold prices higher. Copper futures fell about 1.2% today.

Grains were mixed. Soybeans fell 0.6%, while corn rallied 0.6%.