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Bond Market Gains Accelerate as Stocks Slide
Posted to: Micro News
Monday, July 21, 2014 10:47 AM
In the first hour of cash trading, equities markets had been choppy and slightly weaker. They took a sharper nose dive about 5 minutes ago and bond yields followed. In general, the stock lever has been fairly well connected as bonds don't have much else to go on today.
10yr yields are down 3bps now at 2.453 and Fannie 3.5s are up 6 ticks at 102-19.
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