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Trading action in the rates market yesterday was similiar to the previous session: early morning weakness, followed by a move higher in the lunch hour, which was then lost heading into the close. News and events were fairly positive for the fixed income sector which helped spark the move higher in price...
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Stocks opened on par with yesterday’s close but have since climbed higher on encouraging data reports. A weekly labor report showed mixed results, a regional manufacturing report showed significant improvement, and the leading indicators index improved for the second straight month. Ninety minutes...
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Two hours before the opening bell stock futures are pointing at a flat open, though the 8:30 release of Jobless Claims could offer some direction. More importantly, markets will be still be digesting news from the Obama administration’s plans to revamp the regulation system, as Treasury Secretary...
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Positive data and hopeful testimony from Treasury Secretary Tim Geithner at 10 am haven’t been enough to push markets higher following a lower opening on Thursday. Investor sentiment remains weary from Wednesday’s slide and a sour Jobless Claims report an hour before the opening bell. Roughly...