Treasuries End Losing Streak
Treasuries ended their losing streak, boosted by today’s economic data.
Fed Funds futures are
currently pricing in an 88% probability of 25 bps and a 12% probability of 50
bps at next week’s FOMC meeting (full
story) — unchanged from yesterday’s close.
The FX markets were very quiet ahead of the FOMC meeting. None of the majors
moved more than +/- 0.12%.
Energy prices were mixed again. Crude Oil, Unleaded Gas and Natural Gas rose,
Heating Oil fell.
The softs were also mixed. Orange Juice +2.09% and Lumber -1.00% were the
All the grains closed higher.
Conference Board’s June Consumer Confidence Up To 105.7 (report).
Existing Home Sales Down 1.2% In May To Rate Of 6.67 Mln. Units (report).
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