Here’s What Saved Treasuries From Another Day Of Selling

Stocks finished mixed and
Treasuries made impressive gains.

Equity

The Nasdaq
future
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was down 1.50 to close at 1214.00. The S&P 500 contract
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was up 5.70 to close at 965.10, and the Dow
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was up 59
at 9032.

Fixed Income

U.S. Treasuries had their best day in weeks after the 5 year
note auction resulted in the best bid to cover ratio since the 90’s . The 10
year futures contract
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was up 1-115 to close at 112-065; the 30 year
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was up by 2-07 to close at 107-16; and the five year note was up by 0-205 at 112-005
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.

Metals

August gold
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was higher by 1 2 at 351.60. Silver
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was
up by 3.0 at 497.0. Copper was
down by .40 at 80.45
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, and aluminum
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was down .0015
.6580..

Energy

August crude
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oil was down by .52
to close at 31.70. Natural gas was up .068 to close at 4.745
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.

Currencies

The USD index
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was up by .05 to close
at 96.42.