What Saved Treasuries Today
The equity markets finished
mixed, whereas Treasuries finished higher.
Equity
Equities were mixed
today. Pharmaceutical stocks led the declines, while semiconductor stocks were
among the few winners.The Nasdaq
future
(
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PowerRating) was up 1.50 to close at 1202.50. The S&P 500 contract
(
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PowerRating) was unchanged at 973.30, and the Dow
(
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PowerRating) was up 7 at 8957.
Fixed Income
U.S. Treasuries had their first up day in four, after the
Chicago PMI index posted a bigger than expected drop in the prices paid
component. The 10 year futures contract
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TYU3 |
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PowerRating) was
up 120 to close at 117-140; the 30 year
(
USU3 |
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PowerRating)
was up 22 at 117-11; and the five year note was up 85 at 115-040.
(
FVU3 |
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PowerRating).
Metals
July gold
(
GCQ3 |
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PowerRating) was slightly higher by 1.00
to close at 345.50 on the back of a weaker US dollar. Silver
(
SIN3 |
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PowerRating) was down 1.20 at 4.545. Copper was up .85
at 74.80
(
HGN03 |
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PowerRating), and aluminum
(
ALN03 |
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PowerRating) was down by .0120 to close at
.6355.
Energy
July crude
(
CL03Q |
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PowerRating) was lower by .19 to
close at 30.00, and natural gas was down by .401 at 4.890
(
NG03N |
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PowerRating).
Currencies
The USD index
(
DX03M |
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PowerRating) was lower by .38 and
finished at 95.11, on stronger yields.