Who Pushed Treasuries Higher Today?

Stocks and bonds both finished
up today.

Equity

The Nasdaq
future
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was up 10.50 to close at 1273.00. The S&P 500 contract
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was up .80 to close at 987.50, and the Dow
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was up 40 at
9175.

Fixed Income

U.S. Treasuries continued had their second up day in a row as a
result of Fed Governor Bernanke’s commented that he expects inflation to remain
subdued for an extended period of time.
The
10 year futures contract
(
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was up 0-95 to close at 113-215; the 30 year
(
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was up by -10 to close at 110-23; and the five year note was up 0-70 at 112-30
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.

Metals

August gold
(
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was up by 8.00 to close
at 358.70 amid US dollar weakness. Silver
(
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was up a whopping 28.00 at
5.07. Copper was
up .65
at 77.90
(
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, and aluminum
(
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was up at .6585.

Energy

August crude
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oil was down to close at 30.19. Natural gas was
up .008 to close at 4.876
(
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.

Currencies

The USD index
(
DX03M |
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was down  1.07 to close
at 95.60 on lower yield differentials.