Risk Premium
Traders continued adding to bond positions, buying in an uncertain, risky
environment of new anthrax cases, choppy earnings reports, and reports of declining industrial production. Both T-bonds
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PowerRating) and 10-year notes
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Pullback From Highs
continuation moves. The continued rally in Treasuries is evidence
of a risk premium being priced into bonds and notes.
Canadian dollars
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opened at their high mark of the session, which also coincided
with the trigger of their Turtle Soup Plus
One Sell setup. The move has been down
from the opening tick with the CD down .0016 at .6396.
Going the other way, December live cattle
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a contract low and are triggering a Turtle Soup Plus One Buy
signal.
Natural gas
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PowerRating) is the biggest mover on a percentage basis, up 9.55% ahead of this
afternoon’s AGA report.