| 10 Treasury Yield at 7 Month High |
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10 Treasury yields are at a 7 month high this Monday morning with auctions scheduled later this week for both 10yr and 30 yr debt totaling over $65B. There is speculation that the Fed may have to raise interest rates sooner than anticipated and that is moving yields higher. The 2yr bench mark yield is at its highest yield since Nov. 2008 at 1.349%. Later this week the Fed will be releasing its beige book data. Traders are bidding up the dollar the last few trading sessions which has influenced most of the commodities from oil to copper as well as the gold markets. Gold is called down $14 to $948 in pre market trading. Charttrader.com, Registered Investment Advisors. Hollywood Florida. |
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