These Two Things Caused Today’s Sell-Off In Treasuries
Stocks and
Treasuries finished lower today.
Equity weren’t
The Nasdaq
future
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181
at 8973.
Fixed Income
U.S. Treasuries sold off after a record showing in the ISM
non-manufacturing survey and a poor result in the 3 year Treasury auction . The 10
year futures contract
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was down by 1-13 to close at 105-09; and the five year note was down 0-195 at 111-120
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Metals
August gold
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up by 2.0 at 496.0. Copper was
up by .45 at 80.40
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.6595..
Energy
August crude
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to close at 32.23. Natural gas was up .015 to close at 4.675
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Currencies
The USD index
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at 95.99.