T-bonds Buoyed By Higher Productivity
T-bonds Buoyed By Higher Productivity
March T-bonds are rallying for a third day, testing resistance at 94 5/32 on today’s Labor Department report that showed productivity rose at an upwardly revised rate of 4.9%, the fastest pace in seven years. The report also showed that revised figures for labor costs actually posted a decline in the third quarter, the first in over two years.
After an early rally led by Internet names, Nasdaq 100 and stock index futures are pulling back.
The energy complex is pulling back ahead of the release of the weekly American Petroleum Institutes report, scheduled after Tuesday’s close.
Coffee is down 1.5% while cocoa is rallying.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•March T-bonds [USH0>USH0]: +12/32 to 93 31/32
•December S&Ps [SPZ9>SPZ9]: -9.50 to 1416.00
•December Dow futures [DJZ9>DJZ9]: -88 to 11145
•December NASDAQ 100 futures [NDZ9>NDZ9]: -27.50 to 3177.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: +.03 to 101.08
•December Japanese yen futures [JYZ9>JYZ9]: +.0059 to .9774
Energies•January crude [CLF0>CLF0]: -.43 to 26.23
•January heating oil [HOF0>HOF0]: -.0108 to .6615
•January natural gas [NGF0>NGF0]: +.006 to 2.230
Metals•February gold [GCG0>GCG0]: +3.7 to 281.9
•March copper [HGH0>HGH0]: -1.55 to 79.95
Grains•March wheat [WH0>WH0]: -2 1/2 to 245 1/4
Meats•February pork bellies [PBG0>PBG0]: +1.050 to 76.750
Softs and Fibers•March cocoa [CCH0>CCZ9H0]: +21 to 868
•March coffee [KCH0>KCH0]: -1.95 to 132.60
•March cotton [CTF0>CTF0]: +.74 to 50.48