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Long Bond Leads Lower as Losses Extend to Early June Levels – 10-Year 1.852%

U.S. Treasuries continued to tumble lower Thursday with the long bond hit hardest as the market went after the highest yield/lowest price levels since early June or late May. Participants are cautious ahead of the seven-year auction anticipating below-average results. Friday’s release of the advance Q3 gross domestic product (GDP)Read More

Bonds Drop as Supply, Rate Hikes and Data Drag – 10-Year 1.788%

U.S. Treasuries were sunk Wednesday as European sovereigns led bond markets lower early. Heavy supply added pressure in front of a likely December rate increase, while the U.S. elections as well as batch of mediocre auctions and improved domestic data weighed. The long end led the way lower with theRead More

Late Bounce Lifting Energy Stocks to Mixed Close

Energy stocks turned mixed in late trade this afternoon, with the NYSE Energy Sector Index slipping 0.2% while shares of energy companies in the S&P 500 were up 0.2% as a group. Crude oil for December delivery settled 78 cents lower at $49.18 per barrel while December natural gas futuresRead More

Health Care Slump Reaches One Week

Health care stocks fell for a fifth day in a row on Wednesday, with the NYSE Health Care Index posting a 1.1% retreat today while shares of health care companies in the S&P 500 were down 0.6% as a group. In company news, Edwards Lifesciences (EW) tumbled Wednesday and WallRead More

Services Sector Beat Gives Dollar a Boost

The dollar got a boost Wednesday from a much better-than-expected improvement in the services sector of the U.S. as well as a rebound in U.S. equities that drove USD/JPY through 104.46 resistance and giving the dollar a modest gain of 0.30% at Wednesday’s North American close. The purchasing managers preliminaryRead More

Oil Prices Hold Above $50 Per Barrel Pre-Bell

West Texas Intermediate (WTI) crude oil futures for delivery in December were 0.1% lower at $50.48 per barrel during Tuesday’s pre-market trading session while Brent oil futures for delivery in the same month were 0.4% lower at $51.28 per barrel. The pre-bell price declines come as the greenback is fractionallyRead More