Here’s How Bonds Helped Out Equities
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Stocks finished higher as did
Treasuries.
Equity
Equities were helped by the respite in the bond
market sell-off. The Nasdaq
future
(
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PowerRating) was up 5.50 to close at 1219.50. The S&P 500 contract
(
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(
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at 9120.
Fixed Income
U.S. Treasuries finished higher after a respectable outcome in
the highly anticipated 10 year note auction. The 10
year futures contract
(
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PowerRating) was up -85 to close at 112-150; the 30 year
(
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PowerRating)
was up by -11 to close at 107-27; and the five year note was up by 0-065 at 112-070
(
FVU3 |
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PowerRating).
Metals
August gold
(
GCQ3 |
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PowerRating) was higher by 2.40 at 353.00. Silver
(
SIU3 |
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Chart |
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PowerRating) was
up by 3.0 at 503.0. Copper was
up by .30 at 80.45
(
HGU03 |
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PowerRating), and aluminum
(
ALU03 |
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PowerRating) was up by .0080
.6660..
Energy
August crude
(
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PowerRating) oil was up by .03
to close at 32.42. Natural gas was up .017 to close at 5.099
(
NG03Q |
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Chart |
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PowerRating).
Currencies
The USD index
(
DX03M |
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PowerRating) was lower by .03 to close
at 96.39.