Who Is Selling Treasuries
Stocks held on to yesterday’s
gains while Treasuries slipped for a second straight day this week.
Equity
Equities were buoyed by
the current pop in merger activity, which usually signals greater corporate
confidence. The Nasdaq
future
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Fixed Income
U.S. Treasuries were lower on the back of continued selling by
Japanese real money investors and stronger US equities. The 10 year futures contract
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down 065 to close at 116-040; the 30 year
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was down -08 at 115-02; and the five year note was down 055 at 114-140.
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Metals
July gold
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344.30. Silver
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PowerRating) was down .50 at 4.74. Copper was up .05
at 76.90
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ALN03 |
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PowerRating) was up by .0005 to close at
.6560.
Energy
July crude
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close at 30.25, and natural gas was up by .048 at 5.551
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PowerRating).
Currencies
The USD index
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PowerRating) was unchanged at 96.09.