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Financials: Dec. Bonds are currently 1 lower at 137’25 settling back from a recent high of 138’07 earlier this morning on the release of 2nd quarter GDP which came in at 4.6%, slightly better than expectations of 4.2%. We remain spread long June 2017/short June 2015 Eurodollar futures, currently trading at 203 premium the June [...]

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Financials: Dec. Bonds are currently 20 higher at 137’14, 10 Yr. Notes 8 higher at 124’17 and 5 Yr. Notes 3.5 higher 109’14. Weekly Jobless Claims were 12,000 higher pretty much in line with expectations and Durable Goods Orders down 18.2% vs expectations of a decline of 17.5%. Comments by ECB’s Mario Draghi indicated continued [...]

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Financials: Dec. Bonds are currently 11 higher at 137’02, 10 Yr. Notes 4 higher at 124’13 and 5 Yr. Notes 2.7 higher 118’07. These markets are higher this morning in a “flight to safety” as traders jump out of equities due to slowing economic numbers out of Europe and China and the initiation of a [...]

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OK so the new Apple I phone 6 made its debut recently and of course we saw the standard stories of people camped out in front of the stores for days to be one of the first to buy one. OK I know I’m older and set in my ways but even when I was [...]

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Financials: Dec. Bonds are currently 13 higher at 136’04, 10 Yr. Notes 5 higher at 123’28.5 and 5 Yr. Notes 1 higher at 117’28. Wed. pronouncements by the FOMC left rates unchanged for the foreseeable future, but language in the minutes indicated a projected rise in rates sometime next year raising the forecast for funds [...]

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Financials: Dec. Bonds are currently 15 higher 136’15, 10 Yr. Notes 7.5 higher at 124’14.5 and the 5 Yr. Note 2.5 higher at 118’09.5. CPI (Consumer Price Index) this morning came in at a negative 0.2% vs. expectations of unchanged. Yesterday China added 500 billion yuan ($81billion) in stimulus to the banking system in an [...]

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Financials: Dec. Bonds are currently 11 higher at 136’06, 10 Yr. Notes 5 higher at 124’04.5 and 5 Yr. Notes 2.5 higher at 118’01.5. The market is showing signs of evening up before this weeks FOMC meeting and some flight to quality before the Scottish vote on the referendum for independence. The market will be [...]

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Financials: Dec. Bonds are currently 8 higher at 137’14, 10 Yr. Notes 3 higher at 124’18.5 and 5 Yr. Notes 2.5 higher at 118’06.5. Weekly Jobless claims were up 11,000 to 315,000, somewhat more than the 300,000 the trade had expected. The yield on the 10 Yr. Note remains in the 2.5% area, slightly lower [...]

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Financials: Dec. Bonds are currently 13 lower at 137’18, the 10 Yr. Note 10 lower at 124’20.5 and the 5 Yr. Note 7 lower at 118’06.5. Rates appear to be starting to edge up as the 10 Yr. yield once again approaches the 2.5% level. We remain spread long the June 2015 Eurodollar/short the June [...]

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The Windy City Trader 9/8/14

On September 8, 2014 - 2:12 PM By

Coming on the heels of the death of Robin Williams I was saddened over the somewhat sudden death of Joan Rivers. She never failed to give me a belly laugh and like her or not she could dish it out and take it with her self –deprecating humor. She will be sorely missed. Along these [...]

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Financials: Dec. Bonds are currently 15 higher at 138’21, 10 Yr. Notes 12 higher at 125’11.5 and 5 Yr. Notes 9 higher at 118’22. The Monthly Jobs Report showed an increase in non-farm payrolls of 142,000 vs. expectations of 225,000. This is the first disappointing report in months, and probably not an indication of things [...]

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Financials: Dec. Bonds are currently 5 lower at 138’25, the 10 Yr. Note 5.5 higher at 126’13 and the 5Yr. Note 5 higher at 118’22. The morning’s ADP private sector job survey showed an increase of of 204,000 vs. expectations of an increase of 220-230,000, somewhat disappointing. Weekly jobless claims were up 4,000 slightly above [...]

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